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UM
Question Practice

What is the primary reason for establishing a minimum price 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 the primary reason for...

Single Answer MCQ
Q-00130527

What is the primary reason for establishing a minimum price by the government?

1

To protect consumer rights

2

To discourage competition

3

To ensure fair income for producers

4

To regulate market output

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