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UM
Question Practice

What is a consequence of a price floor set by the government?

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 consequence of a pri...

Single Answer MCQ
Q-00130575

What is a consequence of a price floor set by the government?

1

Reduction in product quality

2

Excess supply of products

3

Equilibrium price stabilization

4

Increase in demand for products

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