Assertion (A) is true: Consumers can negotiate to buy products below the Maximum Retail Price (MRP) as it is the upper limit, not a fixed price. Reason (R) is false: MRP is the maximum price a seller can charge, but it is not mandatory for the seller to charge exactly that price. Sellers can offer discounts and sell at a price lower than MRP.
Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A) : Consumers can bargain below Maximum Retail Price (MRP). Reason (R) : MRP is a price a seller must charge from the buyer. Select the correct answer from the code given below : Code :
Asked in uppsc 2025 2025 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
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