If the government fixed a price of a commodity above equilibrium price, the quantity supplied...

Economics

WAEC 2005

If the government fixed a price of a commodity above equilibrium price, the quantity supplied will be

A. less than quantity demanded
B. equal to the qauntity demanded
C. greater than quantity demanded
D. equal to zero

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Correct Answer: Option C

Explanation

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If the government fixed a price of a commodity above equilibrium price, the quantity supplied...

Correct Answer: Option C

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