The parity ratio initially stood at 0.5. Then after several years, the prices received by farmers doubled while the prices they paid tripled. This will bring the parity ratio to

Question

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The parity ratio is calculated as (prices received / prices paid). Initially, it was 0.5. After prices received doubled and prices paid tripled, the new ratio is (2 * original prices received) / (3 * original prices paid) = 2/3 * (original prices received / original prices paid) = 2/3 * 0.5 = 0.33.

The Parity Ratio Initially Stood at 0