The parity ratio initially stood at 0.50. Then after several years, the prices received by farmers doubled while the prices they paid tripled. This will bring the parity ratio to

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The parity ratio is calculated as the ratio of prices received by farmers to prices paid by farmers. Initially, it was 0.50. If prices received double and prices paid triple, the new ratio is (2 * initial prices received) / (3 * initial prices paid) = 2/3 * 0.50 = 0.33.

The Parity Ratio Initially Stood at 0