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when price of a commodity is fixed by the law either below or above the equilibrium, ...
Classroom
Economics Classroom
Waec
Waec 1992
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when price of a commodity is fixed by the law either below or above the equilibrium, the mechanism is known as
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Price discrimination
B
Price control
C
Perfect market
D
Equilibrium price
E
Market structure
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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