If government fixes price below the equilibrium price, what effect will it have on demand?

Economics JAMB 2001

If government fixes price below the equilibrium price, what effect will it have on demand?

  • Quantity demanded and supplied will be equal
  • Quantity supplied will be greater than quantity demanded
  • Quantity demanded will increase checkmark
  • Quantity demanded will decrease

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment