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From the graph above, fixing maximum price of garri below equilibrium prices at P1 will

Economics
JAMB 2016
From the graph above, fixing maximum price of garri below equilibrium prices at P1 will
  • A. Encourage the production of garri
  • B. Create an excess supply of garri
  • C. Increase the consumption of garri
  • D. Decrease the consumption of garri
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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
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now