Practice mode Basic of Economics

What is meant by price support?

Correct answer D. Maintenance of price through public subsidy or government intervention

Explanation

Price support keeps a product's price above the market level through government subsidies or intervention, such as buying surplus farm output.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.