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  9. Q7
Question 7

When government intervenes in price-setting, the regulated price is usually

  • A.higher than the last price
  • B.lower than the last price
  • C.higher than the equilibrium price
  • D.lower than the equilibrium price
  • E.higher than the ceiling price
Objective

Question details

Exam body
UI
Subject
Economics
Year
2017/2018
Question no.
#7
Type
Objective
Previous · Q6The main function of price mechanism is to Next · Q8 A firm achieves least cost in production by substituting factors until

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