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If the equilibrium price of a certain commodity is N120.00 and the government fixed its ...
Classroom
Economics Classroom
Jamb
Jamb 1993
The Theory Of Price Determination
Equilibrium Price And Quantity In Product And Factor Markets
More Topics
If the equilibrium price of a certain commodity is N120.00 and the government fixed its price at N110.00, the supply will be?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Greater than the equilibrium supply
B
Smaller than the equilibrium supply
C
The same as the equilibrium supply
D
A determinant of the market forces of equilibrium
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Correct Answer:
Option B
Explanation:
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