If government fixes price below the equilibrium price, what effect will it have on demand?
a
Quantity demanded and supplied will be equal
b
Quantity supplied will be greater than quantity demanded
c
Quantity demanded will increase
d
Quantity demanded will decrease
Explanation
Correct Option
cNo explanation available
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josam902
4 years ago
No the Answer is C, Because when the price of a product reduces, the demand for that product will increase
