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as per the name APM means administering the price of petroleum oil to control
the demand & price from the oil marketing companies by the intevention of govt.
recently petrol price is deregulated from it and APM is replaced with import parity pricing system.
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∙ 12y ago
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What is the difference between administered prices and market prices?
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
The negotiation of prices for goods and services depending on supply and demand is referred to as which of these?
Price mechanism (A+)
What is price merchanism?
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
In a free competitive market what is the rationing mechanism?
Price is the rationing mechanism. Whoever can afford it, will by it.
What are the advantages and disadvantages of administered price and how do you overcome the disadantages of administered price?
to overcome the problem you would have to own the primary supply or have a significant amount of ownership of it as to influence its basic price. If all else fails find a scam to get around it!
What is meant by administered price?
Essentially, administered price is referring to a price determined by the conscious price policy of a seller rather than by impersonal competitive market forces. The earliest known use of the term administered price was in 1934.
What are the advantages disadvantages of the price mechanism?
price mechanism is hte demand and supply of goods and services
Disadvantages of price mechanism?
Price mechanism is the system where supply and demand are what determines prices of products or services. Unemployment, inflation, and uneven distribution of resources are disadvantages of price mechanism.
What is the difference between administered prices and market prices?
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
The negotiation of prices for goods and services depending on supply and demand is referred to as which of these?
Price mechanism (A+)
What is price incentives?
Price incentives is included in price mechanism, that is refers in the competition process, the supply and demand of mutual connection, mutual constraints of the market price formation and operation mechanism.
Who has a feature of price mechanism?
teachers
What is price merchanism?
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
In a free competitive market what is the rationing mechanism?
Price is the rationing mechanism. Whoever can afford it, will by it.
What are the advantages and disadvantages of administered price and how do you overcome the disadantages of administered price?
to overcome the problem you would have to own the primary supply or have a significant amount of ownership of it as to influence its basic price. If all else fails find a scam to get around it!
Importance of price mechanism to the economy?
chanism
Efficiency of price mechanism in allocating resources?
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods
