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Question
Under the administered price mechanism, the government directly controls the price of which commodities?
Under the administered price mechanism, the government directly controls the price of which commodities?
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Solution
The correct option is B Essential
To prevent hoarding, maintain the prices of essential goods at reasonable levels, and ensure their easy availability, the government fixes the prices of certain commodities. This is known as the administered price mechanism.
To prevent hoarding, maintain the prices of essential goods at reasonable levels, and ensure their easy availability, the government fixes the prices of certain commodities. This is known as the administered price mechanism.
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