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Business Studies

Consumer Rights

The price at ...

Question

The price at which a seller will refuse to sell is called _______.

A

reserve price

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B

market price

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C

low price

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D

administered price

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Solution

The correct option is A reserve price
The price at which a seller will refuse to sell is called reserve price. Reserve price is the lowest price of the commodity, below this price level seller does not sell goods.

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