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Difference between the price paid by the consumer and the price received by the producer for an equivalent quantity of farm produce is often termed as
Question

Difference between the price paid by the consumer and the price received by the producer for an equivalent quantity of farm produce is often termed as ________.

A.

Price subsidy

B.

Price spread

C.

Market reform

D.

Price index

Correct option is B


Price spread refers to the difference between the price paid by the consumer and the price received by the producer for the same quantity of farm produce. It includes costs like transportation, marketing, and intermediaries' margins.

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