Q. The government has responsibility to ensure availability of which among the following to all consumers regardless of their ability to pay price?
Answer: Merit Goods
Notes: The correct answer is Merit Goods. Merit goods are products or services that the government believes are beneficial for individuals and society, and thus should be available to all, regardless of their ability to pay. Examples include education and healthcare. Governments often subsidize these goods to ensure equitable access, as they can lead to positive externalities, such as a more educated workforce and improved public health.