Question 34

If the equilibrium price of a certain commodity is ₦120.00 and the government fixed its price at ₦110.00, the supply will be __.

  • A.Smaller than the equilibrium supply
  • B.Greater than the equilibrium supply
  • C.A determinant of the market forces of equilibrium
  • D.The same at the equilibrium supply
Objective

Question details

Exam body
NDA
Subject
Economics
Year
2018/2019
Question no.
#34
Type
Objective

More from this paper

See all Economics 2018/2019 questions