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Question 18

If the government fixed a price of a commodity above equilibrium price, the quantity supplied will be

  • A.less than quantity demanded
  • B.equal to the qauntity demanded
  • C.greater than quantity demanded
  • D.equal to zero
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2005
Question no.
#18
Type
Objective
Previous · Q17At the equilibrium price, quantity demanded is Next · Q19 one of the factors determining price elasticity of demand for a commodity is the

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