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The equilibrium price of orange is 50k. If for some reason the price rises to 60k, ...
Classroom
Economics Classroom
Waec
Waec 1992
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The equilibrium price of orange is 50k. If for some reason the price rises to 60k, there will be
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Excess demand
B
Excess supply
C
Shortage in the market
D
Many buyers in the market
E
No buyer in the market
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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