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When government intervenes in price-setting, the regulated price is usually
Classroom
Economics
Post Utme
Economics
When government intervenes in price-setting, the regulated price is usually
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Higher than the last price
B
Lower than the last price
C
Higher than the equilibrium price
D
Lower than the equilibrium price
E
Higher than the ceiling price
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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