Economics · Microeconomics

Markets in 'state-contingent commodities' refer to markets where:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1goods are non-tradable across state boundaries
2goods are sold exclusively at the command of the government
3goods are distinguished by the state of the world in which they will be consumed✓
4goods are distinguished purely by their physical characteristics

Correct answer

goods are distinguished by the state of the world in which they will be consumed

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Microeconomics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Microeconomics

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Related Practice Questions