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If Price Falls Below The Equilibrium? - Erudites Academy

If price falls below the equilibrium?

by | Aug 6 | Economics WAEC | 0 comments

A. Demand will equal supply
B. Demand will be greater than supply
C. Supply will be greater than demand
D. Price will become indeterminate
E. Quantity supplied will be zero

Correct Answer:

Option B – Demand will be greater than supply

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