Question 0

Suppose that the equilibrium price of an article is N5.00 but the government fixes the price by law at N4.00, the supply will be

  • A.The same as equilibrium supply
  • B.Greater than equilibrium supply
  • C.Less than the equilibrium supply
  • D.Determined later by government
  • E.None of these
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1978
Question no.
#0
Type
Objective

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