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bittu45
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bittu45
Asked: December 9, 20232023-12-09T10:12:21+00:00 2023-12-09T10:12:21+00:00In: Class 10 Social Science

When we buy commodities we find that the price charged is sometimes higher or lower than the Maximum Retail Price printed on the pack. Discuss the possible reasons. Should consumer groups do something about this?

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NCERT Question, Class 10, CBSE SOCIAL SCIENCE,
Economics Chapter: 5 CONSUMER RIGHTS
Question No. 1. Page No. 81
NCERT Solutions for Class 10 Social Science
CBSE Class 10 Economics 2023-2024

class 10 econcertsocial science
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    1. shanti34
      2023-12-09T10:50:36+00:00Added an answer on December 9, 2023 at 10:50 am

      Reasons for Price Differences:
      1. Taxes or GST Changes: Sometimes, government taxes or GST can change, affecting the final price of the product.

      2. Retailer Discounts: Shops might offer discounts or sales, making the selling price lower than the printed MRP.

      3. Packaging or Quantity Changes: If there are changes in the product’s packaging or quantity, the price might differ.

      4. Extra Costs: Retailers might add extra costs for transportation or storage, increasing the selling price.

      Role of Consumer Groups:
      1. Raising Awareness: Consumer groups can educate people about their rights and how to report price discrepancies.

      2. Push for Enforcement: They can ask authorities to enforce rules to ensure retailers follow the printed MRP unless they have valid reasons for a different price.

      3. Helping File Complaints: They assist people in filing complaints against retailers who consistently charge more than the MRP.

      4. Monitoring Markets: By keeping an eye on markets and reporting unfair pricing, consumer groups help ensure fair practices.

      Consumer groups are essential in safeguarding consumer rights and ensuring fair pricing practices for everyone. They work to ensure that consumers are not charged more than the printed MRP without valid reasons.

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