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Above the equilibrium point, a further rise in price tends to
Classroom
Economics Classroom
Jamb
Jamb 1994
The Theory Of Price Determination
Equilibrium Price And Quantity In Product And Factor Markets
More Topics
Above the equilibrium point, a further rise in price tends to
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Increase demand and restrict supply
B
Restrict demand and decrease supply
C
Increase demand and decrease supply
D
Decrease demand and increase supply
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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