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if in the graph, it is assumed that the price is initially P1, it can be deduced that ...
Classroom
Economics Classroom
Jamb
Jamb 1992
The Theory Of Price Determination
The Concepts Of Market And Price
More Topics
if in the graph, it is assumed that the price is initially P
1
, it can be deduced that price will
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Fall because there is a surplus
B
Remain constant because it is the equilibrium price
C
Rise because there is a shortage
D
Double
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Correct Answer:
Option A
Explanation:
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