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If Government Fixes Price Below The Equilibrium Price; What Effect Will It Have On Demand? - Erudites Academy

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

Correct Answer:

Option C – Quantity demanded will increase

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4 years ago