Lesson 3 Social Goals, Prices, and Market Efficiency Detail: Because prices for crops fluctuate based on uncontrollable factors like weather, the government uses price BLANK to help BLANK prices for important agricultural products.

Respuesta :

Baraq

Answer:

1. Control

2. Regulate

Explanation:

Given that Price CONTROL is a means by which government regulates the prices of commodities to maintain the affordability of those particular goods among the people.

Therefore, it can be concluded that "Because prices for crops fluctuate based on uncontrollable factors like weather, the government uses price CONTROL to help REGULATE prices for important agricultural products."

The supply and the demand of the goods affect the pricing of the product. The government uses cost control to regulate agricultural prices.

What are control and regulation in pricing theory?

In economics, the relation between supply and the demand of the product in the market decides the pricing value of the product.

The government sets minimum and maximum prices according to the demand the supply of the product for consumer use.

The price is set to maintain the affordability of the product and varies based on the supply of the product. In the case of agricultural products like crops, the environment, and the weather conditions are the uncontrollable factors that decide the pricing.

When the demand for the crops is more than the supply then the prices are increased and when the demand is less than the supply then the prices are decreased.

Therefore, control and regulate are the correct blanks.

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