Home / Aptitude Tests / Economics / Price fluctuation is...

Price fluctuation is a feature of

...

Price fluctuation is a feature of

A.

Common market

B.

Imperfect market

C.

Supermarkets

D.

Market failure

Correct answer is B

Price fluctuation refers to the frequents rise and fall of commodity prices in the market as a result of changes in the market situations. price fluctuation can be seasonal whereby prices of commodities changes during certain season of the year due to the increase in supply and demand. It is a feature of imperfect market where buyers and sellers can influence prices and production.