Q. Sellers reserve price means (Solved)
1. The seller refuses to sell the product till the minimum price (covering the cost of production) is offered
2. Seller refuses to sell the product at any price
3. Seller demands the price for whole of his product
4. A price which includes economic profits
5. A price determined for a batch of production
- a. The seller refuses to sell the product till the minimum price (covering the cost of production) is offered