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

Correct Answer: Option C

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