Administered prices can be used for sensitive,high-demand,or essential products.

Question

Quizplus · Accepted Answer

Administered prices are used for products that are considered sensitive, high-demand, or essential. These prices are set by the government or other regulatory authority to ensure that these products remain affordable and accessible to consumers. Examples of administered prices include utility rates, public transportation fares, and healthcare costs.

Administered Prices Can Be Used for Sensitive,high-Demand,or Essential Products