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Fixing price above equilibrium will cause

Fixing price above equilibrium will cause
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Demand and supply to remain constant
  • B An increase in quantity supplied
  • C An increase in supply
  • D A decrease in quantity supplied
Correct Answer: Option B
Explanation:
Fixing prices above equilibrium will cause an increase in supply because suppliers will be willing to produce more since they will sell at a high price

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