Price control of cooking oil
Understanding Cooking Oil Price Control in Malaysia
Test your knowledge about the price control issues surrounding cooking oil in Malaysia. This quiz covers various aspects of the cooking oil market, including price control measures, supply and demand dynamics, and government regulations.
- Explore key issues affecting cooking oil prices
- Understand the implications of price controls on consumers
- Learn about government interventions in the market
What is the main issues regarding the price control of cooking oil in Malaysia?
Not enough supply of cooking oil
The rises of crude palm oil prices
Low demand of cooking oil
The rising of palm oil price on both domestic and international market
Why does the rise of cooking oil price give a negative impact to individuals?
Cooking oil is the most essential component in every cuisine
Affect consumers of all group, especially the B40 group
Bla bla
Hbfyerft
What is the highest price for bottled cooking oil in Malaysia?
RM30.90
RM31.50
RM33.50
RM34.70
What is the quantity supply for 500 000 quantity demand
200
300
100
400
What is the market equilibrium price of cooking oil
RM30.90
RM31.50
RM33.50
RM34.70
Based on market equilibrium supply graph, what is the ceiling price for cooking oil
RM31.50
RM30.90
RM34.70
RM33.50
What would happened if the ceiling price is higher than the equilibrium point ?
A
B
C
D
Why do the government enforced the Price Control and Anti Profiteering Act 2011 (Act 273)?
To adress the issue of price increases in bottled cooking oil
To determine that the price of goods is reasonable in all circumstances
To ensure traders didn't try to raising the price of bottled cooking oil without reason
To overcome the crisis of the price control of cooking oil
Based on the suggestion and recommendation given, how does stockpiling can help the government to overcome the crisis of cooking oil
Could stabilize price by increase the avalaible supply of cooking oil
Build up a strategic reserve of cooking oil
Reducing the incentive for producers to supply the market
Reduce the price and encourage consumption of cooking oil
Kbat question
A
B
C
D
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