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Home › Bihar Board Class 12 (Arts) › Economics › Simple Applications of Tools of Demand and Supply › The EU buys products when price falls below its …

The EU buys products when price falls below its what?

ACeiling price
BIntervention price
CImport tariff
DExport quota
Answer & Solution
Correct answer: B. Intervention price
The EU purchases surplus until reduced supply lifts the market price back to the intervention price.
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