In recent times, it has been observed that petrol and diesel price have fallen several times due to changing market conditions

In recent times, it has been observed that petrol and diesel price have fallen several times due to changing market conditions. Do you think this will solve the problem of ‘what to produce’ in developing countries like India?

It is good news for a country like India that the prices of petrol and diesel have fallen, however, it can never solve the central problem of ‘what to produce’ to its full extent, as human wants are unlimited in comparision to the supply of natural products like petrol or diesel.