(a) With the aid of a diagram, explain the effects of fixing a price (i) above the equilibrium price,
(ii) below the equilibrium price [5 marks each]
(b) (i) What is an abnormal demand? [4 marks] (ii) Give two reasons for its occurrence [6 marks]
Explanation
Video Explanation
No video available
Post your Contribution
Share:
Discussions (0)
No comments yet
Be the first to comment

