Economics > 2020 > 16
WASSCE
If a beef market is in equilibrium at $4.00 per kg,an increase in price to $6.00 per kg may cause
A.
surplus in the market.
B.
shortage in the market.
C.
black market to come into operation.
D.
rationing to be introduced.
Answer: A
To see detailed solution to this question and thousands of other questions offline, download TestDriller SSCE. Practice rigorously for WASSCE, enjoy educational games, get chief examiners' reports, summary of WAEC literature books, compete with your peers, win prizes and more.
09037778195