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

612 viewsDecember 5, 2023MCQs (National Income)

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Anurag Pathak28.64K 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 Pathak28.64K 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

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Anurag Pathak

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