Using the information below, what is the Gross Value Added at Market Price?   Output Sold                                         800 Price per unit of output                       20 Import Duty                                        400 Net change in stock                            -500 Intermediate Consumption                 8000 a. 7900 b. 6500 c. 2100 d. 7500

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Price Ceilings and Price Floors

Price Ceilings and Price Floors strategy is used by the Government to control the prices of certain goods and services in the market. This method helps the Government to protect the interests of both buyers and suppliers in difficult economic times.