Answer-Which statement is true?

Commission agents play a major role in the functioning of Rythu bazaars in India by providing services to both farmers and buyers. Higher market prices for rice can indeed incentivize farmers to bring more paddy to the market.

Question

Which statement is

true?

A Commission agents are important for better performance of Rythu bazaars in India

B Higher the rice price in the market, more will be the supply of paddy to the market by the farmers

C Growth in producers' surplus determines the pace of economic development

D Both (A) and (B)

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Solution