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Which of the following constitute the reason for difference between Market Prices and Factor Cost?

563 viewsDecember 5, 2023MCQs (National Income)

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Anurag Pathak28.55K December 5, 2023 0 Comments

Which of the following constitute the reason for difference between Market Prices and Factor Cost?

(a) Indirect Taxes

(b) Subsidies

(c) Both (a) and (b)

(d) Neither (a) nor (b)

Anurag Pathak Changed status to publish December 5, 2023

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1 Answer

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Anurag Pathak28.55K Posted December 5, 2023 0 Comments

Ans – (c)

Explanation:-

Market Price = Factor Cost + Indirect taxes – Subsidies

Anurag Pathak Changed status to publish December 5, 2023

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.