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UM
Question Practice

What is a common consequence of too low of a price set by the government on goods?

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 is a common consequence o...

Single Answer MCQ
Q-00130600

What is a common consequence of too low of a price set by the government on goods?

1

Increase in supply of goods

2

Decrease in demand from consumers

3

Producers may stop producing goods

4

Government collects more tax revenue

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