Question 7

The equilibrium price of mangoes is N1.00. If the price fall to 50k, there will be

  • A.an excess demand
  • B.an excess supply
  • C.a surplus in the market
  • D.many sellers in the market
  • E.no seller in the market
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1998
Question no.
#7
Type
Objective

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