Home » Classroom » JAMB Economics 1992 Question

if in the graph it is assumed that the price is... - JAMB Economics 1992 Question

if in the graph, it is assumed that the price is initially P1, it can be deduced that price will
A
fall because there is a surplus
B
remain constant because it is the equilibrium price
C
rise because there is a shortage
D
double
correct option: a
Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses