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Question 10

A decrease in supply with demand remaining unchanged will cause the equilibrium price for a good to

  • A.be unchanged
  • B.remain elastic
  • C.remain inelastic
  • D.rise
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2010
Question no.
#10
Type
Objective
Previous · Q9Equilibrium price is the price at which quantity Next · Q11 At the highest level of total utility, marginal utility is

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