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  4. JAMB 1998
  5. In the diagram above...

In the diagram above, the price P2 in price control situation, is referred to as

Economics
JAMB 1998
In the diagram above, the price P2 in price control situation, is referred to as
  • A. minimum price
  • B. markup price
  • C. maximum price
  • D. mark-down price
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Correct Answer: Option C
Explanation
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