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The following will occur when maximum price is fixed below the free market price EXCEPT ...
Classroom
Economics Classroom
Neco
Neco 2005
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The following will occur when maximum price is fixed below the free market price EXCEPT that
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Black market will be encouraged
B
Excess demand will occur
C
Excess supply will occur
D
Rationing of commodities will occur
E
Scarcity of goods will occur
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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