Under China's dual pricing system,

every good had one price for local buyers and another for foreign buyersCorrect answerYour answerprices were set twice a year by the central bankCorrect answerYour answerfarmers paid double the price for seedsCorrect answerYour answera fixed quantity was traded at state prices and the rest at market pricesCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

Farmers and firms had to buy and sell set quantities of inputs and outputs at state-fixed prices; anything beyond that was traded at market prices.

Concept: Dual pricing
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Under China's dual pricing system,

Explanation