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Choose if the given statement is True/False.

Producers can exploit consumers in many ways.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
Producers can exploit consumers in many ways such as :

Consumers are charged high prices for the commodities. Dishonest sellers charge higher prices than MRP.

Sellers sell commodities forcefully to the consumers, whether consumers wish to buy them or not.

Sellers mislead consumers by fake or false advertising and claim wrongly about the product

Sellers sell duplicate or defective goods in the name of genuine goods.

Sellers sell adulterated goods, which leads to loss of health and money for the consumers.

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