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If in this demand-supply diagram, the quantity supplied is OQ, then

Economics
JAMB 1988
If in this demand-supply diagram, the quantity supplied is OQ, then
  • A. price will be OP
  • B. there will be excess demand of RT
  • C. price will be ON
  • D. price will tend to rise
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent