Question 21

which the following is no true of price mechanism

  • A.equilibrium price is determined by forces of demand and supply
  • B.individual households and firms pursue personal interest
  • C.producers and consumers are rational in decision making
  • D.price control is prominent in the commodity and input markets
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2013/2014
Question no.
#21
Type
Objective

More from this paper

See all Economics 2013/2014 questions