____________ refers to holding back of stocks of a commodity in order to reap benefits from rising prices.

Black marketing

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Hoarding

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Terrorism

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Corruption

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Solution

The correct option is C Hoarding
Hoarding in economics refers to maintaining unaccounted stocks of many commodities to save guard oneself from rise in general price level i.e. inflation or to take advantage of future rise in prices. This creates artificial scarcity of commodities in the market which further increases the prices of the commodities through which consumers are exploited.

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Similar questions

Which of the following refers to a percentage change in the quantity supplied of a commodity in response to a percentage change in its price?

10

200

225

A 15 per cent rise in the price of a commodity raises its supply from 300 units to 345 units. Calculate its price elasticity of supply.

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