Question: Thrips is an example of which taxonomic order? ((MCAER 2014))
Options:
Price spread
Price elasticity
Price discrimination
Price ceiling
✅Explanation: Price spread refers to the difference between the price paid by consumers for a product and the price received by producers. It encompasses factors like transportation costs, processing fees, and retailer margins.
📌 Other Options Explanations:
-Option B: Price elasticity measures the responsiveness of demand to changes in price.
-Option C: Price discrimination is the practice of charging different prices to different customers for the same product.
-Option D: A price ceiling is a maximum price set by the government for a product or service.