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  9. Q14
Question 14

A price floor is usually fixed 

  • A.at the equilibrium and causes shortage
  • B.above the equilibrium and causes shortage
  • C.below the equilibrium and causes shortage
  • D.above the equilibrium and causes surplus
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2018
Question no.
#14
Type
Objective
Previous · Q13if the marginal utility of a commodity is equal to its price then Next · Q15 A market is in equilibrium when?

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