Question

Identify the incorrect statement.

A Support Price helps regulate the incomes of the farmers. Correct Answer Incorrect Answer
B MC=MR at equilibrium in case of perfect competition. Correct Answer Incorrect Answer
C Price Ceiling is the minimum price fixed by the government. Correct Answer Incorrect Answer
D Equilibrium price is the price which clears the market. Correct Answer Incorrect Answer

Solution

The correct answer is C

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