what is dual prising?
Dear Student,
Dual-pricing implies that the farmers and the industrial units were required to buy and sell certain fixed quantities of inputs and outputs at the legislated price as fixed by the government and the remaining quantities can be traded at the prevailing market price. In other words, there exists two prices in the market simultaneously, one, as fixed by the government and second the market price.
All the best for your exams!!
Dual-pricing implies that the farmers and the industrial units were required to buy and sell certain fixed quantities of inputs and outputs at the legislated price as fixed by the government and the remaining quantities can be traded at the prevailing market price. In other words, there exists two prices in the market simultaneously, one, as fixed by the government and second the market price.
All the best for your exams!!