If the equilibrium price of a certain commodity... - JAMB Economics 1993 Question
If the equilibrium price of a certain commodity is N120.00 and the government fixed its price at N110.00, the supply will be?
A
greater than the equilibrium supply
B
smaller than the equilibrium supply
C
the same as the equilibrium supply
D
a determinant of the market forces of equilibrium
correct option: b
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