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Question
Kanmani is a vendor who sells tomatoes. She is having second thoughts about increasing the price of the produce to cover her expenses. What makes it difficult for vendors like Kanmani to increase the price of essential goods?
Kanmani is a vendor who sells tomatoes. She is having second thoughts about increasing the price of the produce to cover her expenses. What makes it difficult for vendors like Kanmani to increase the price of essential goods?
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Solution
The correct options are
A Government policies to keep food affordable.
B Competition from other vendors.
C The fear that the tomatoes will remain unsold and go to waste.
Vendors like Kanmani find it hard to increase the prices on their own because of the fear that they may lose customers and that they may not buy vegetables, which may result in the vegetables being wasted. The government also plays a large role in trying to keep essential food items affordable.
A Government policies to keep food affordable.
B Competition from other vendors.
C The fear that the tomatoes will remain unsold and go to waste.
Vendors like Kanmani find it hard to increase the prices on their own because of the fear that they may lose customers and that they may not buy vegetables, which may result in the vegetables being wasted. The government also plays a large role in trying to keep essential food items affordable.
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