Home
Class 11
ECONOMICS
If government reduces subsidy on LPG cyl...

If government reduces subsidy on LPG cylinders, how does it affect its market price ? What alternative energy sources can be used by the consumers?

Text Solution

Verified by Experts

Withdrawal or raduction of subsidy will increase its market price. The households can use the following alternative sources of energy :
Kerosene oil
Solar energy
Electric stoves
Bio gas energy
Promotional Banner

Topper's Solved these Questions

  • PRICE DETERMINATION

    RADHA BHUGANA|Exercise NECRT|12 Videos
  • PRICE DETERMINATION

    RADHA BHUGANA|Exercise VSATQ|15 Videos
  • PRICE DETERMINATION

    RADHA BHUGANA|Exercise HOTS|7 Videos
  • INTRODUCTION

    RADHA BHUGANA|Exercise Unsolved Numericals|4 Videos
  • PRODUCER BEHAVIOUR AND SUPPLY

    RADHA BHUGANA|Exercise LET US RECAPITULATE|1 Videos

Similar Questions

Explore conceptually related problems

Government brings down income tax rates. What is likely to be the impact of this move on the market of a product which most of the consumers treat as a normal product, Explain. Use diagram.