Question 0

The effect of an increase in demand for a commodity accompanied by a decrease in supply will be to?

  • A.raise the price of the commodity and affect the quantity in an indeterminate way
  • B.decrease the equilibrium quantity and affect the price in an intermediate way
  • C.raise its price as well as the equilibrium quantity
  • D.lower it price while affecting the equilibrium quantity in an interminate way
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2002
Question no.
#0
Type
Objective

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