Consider the following statements about ‘hidden price rise’ and select the correct code :
A situation of reduction in quality or amount of a product offered at an unchanged price
A situation of increase in indirect taxes on goods, which compromises on the quality of the goods offered for sale
Code :
Options:
A . Only 2
B . 1 and 2 both
C . Only 1
D . Neither 1 nor 2
Answer: Option C Answer: (c)For example, reduction in the weight of a packet of chocolate sold at the same price as before. This may take place in quality, too.
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