3. Price ceiling for condoms The Indian government has set a maximum price for a condom at...

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3. Price ceiling for condoms The Indian government has set a maximum price for a condom at 6.56 rupees. Manufacturers of more expensive “luxury” condom brands have criticized the move, saying it will have a negative impact on population-control measures. It is estimated that 1.8 billion luxury condoms are sold every year in India for up to 150 rupees. At the lower end of the price scale they are sold for about 25 rupees.

Source: News India, December 20, 2013

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Foundations Of Microeconomics

ISBN: 9780063076280

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

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