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UM
Question Practice

What could happen if the government sets a minimum price too high for a product?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Understanding Markets
Question Bank

What could happen if the gover...

Single Answer MCQ
Q-00130496

What could happen if the government sets a minimum price too high for a product?

1

Producers could sell more products to consumers

2

Consumers may be unable to afford the product

3

The overall market competition increases

4

Retailers would benefit from higher profits

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