Question 0

A decrease in supply without a corresponding change in demand will lead to

  • A.an increase in equilibrium price and a decrease in equilibrium quantity
  • B.a decrease in equilibrium price and an increase in equilibrium qantity
  • C.a decrease in equilibrium price and equilibrium quantity
  • D.an increase in equilibrium price and quantity
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2009
Question no.
#0
Type
Objective

More from this paper

See all Economics 2009 questions