The following will occur when maximum price is fixed below the free market price EXCEPT...

Economics

NECO 2005

The following will occur when maximum price is fixed below the free market price EXCEPT that

A. black market will be encouraged
B. excess demand will occur
C. excess supply will occur
D. rationing of commodities will occur
E. scarcity of goods will occur

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Correct Answer: Option C

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The following will occur when maximum price is fixed below the free market price EXCEPT...

Correct Answer: Option C

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