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प्रश्न
When is a firm called ‘price-taker’?
उत्तर
A firm is said to be a price taker when it has no control over the existing market price and accepts the price as determined by the ‘invisible hands of market’, i.e. by demand for and supply of the commodities.
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Price Ceiling
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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संबंधित प्रश्न
What is maximum price ceiling? Explain its implications.
What is minimum price ceiling? Explain its implications.
What is meant by price ceiling? Explain its implications.
Can you think of any commodity on which price ceiling is imposed in India? What may be the consequence of price-ceiling?
Answer the following question.
Explain the meaning and implications of the maximum price ceiling and minimum price ceiling.
Explain Price Ceiling with the help of a diagram:
