The diagram above shows the effect of

a

excess demand over supply at q3

b

excess supply over demand at q2

c

minimum price legislation at P2

d

maximum price legislation at P2

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Correct Option
a

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Discussions (4)

Iember_codes
3 years ago

JAMB:The diagram above shows the effect of?
Me: Not using a good camera to take a picture and web devs not optimising image🙂. Option:confusionnnnnnnnnnnnnn

klickinstitute
3 years ago

the correct answer is D, maximum price legislation is a fixed price below the equilibrium price

Heryinkehola
1 year ago

please the diagram is not clear. I can't see q3. Which means the answer is D

wally01
2 years ago

the correct answer is maximum price legislation at p2
please take note

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