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UM
Question Practice

What role does the government play in determining the prices of essential 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 role does the government ...

Single Answer MCQ
Q-00130548

What role does the government play in determining the prices of essential goods?

1

It sets maximum prices sellers can charge

2

It prohibits all price negotiations

3

It allows sellers to set any price

4

It buys all goods for resale

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