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Question 0

When the price of a commodity is below the equilibrium price the quantity demanded will exceed the quantity supplied. Such a situation is referred to as

  • A.elastic supply
  • B.joint demand
  • C.excess supply
  • D.derived demand
  • E.none of the above
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1979
Question no.
#0
Type
Objective
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