Question : If market price is less then factor cost, it means that:
Option 1: Indirect taxes > Subsidies.
Option 2: Indirect taxes = Subsidies.
Option 3: Indirect taxes < Subsidies.
Option 4: None of the above.
Answer (1)
19th Jan, 2024
Correct Answer: Indirect taxes < Subsidies.
Solution :
Indirect taxes < Subsidies.
When subsidies are more then indirect taxes, then market price is less then factor cost.
Hence, Option C is correct.
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