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.Which one of the following is not an example of a price ceiling?
Fares charged by Airlines in India
Price printed on biscuit packets
Minimum support price for cane growers
Minimum wages fixed by state Governments
A price ceiling is a method by which government or any other authority imposed price control on the market. It sets a limit by which how high a price is charged for any product and services. It is usually done for the protection of consumers. The price printed on Biscuit packets is determined by the market. It depends upon the demand and supply method. So it does not come under the price ceiling.
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