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Above the equilibrium point, a further rise in price tends to

Economics
JAMB 1994
Above the equilibrium point, a further rise in price tends to
  • A. increase demand and restrict supply
  • B. restrict demand and decrease supply
  • C. increase demand and decrease supply
  • D. decrease demand and increase supply
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Correct Answer: Option C
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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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts