If a beef market is in equilibrium at $4.00 per kg, an in...
If a beef market is in equilibrium at $4.00 per kg, an increase in price to $6.00 per kg may cause
Surplus in the market
Shortage in the market
Black market to come into operation
Rationing to be introduced
Correct answer is A
When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.
Balance of payment deficit can be corrected by ...
In Nigeria, cheques are not money because? ...
The demand curve for factors of production ...
Which of the following is a condition necessary ...
A distribution is said to be positively skewed, if it ...
If a country operates a freely floating exchange rate system and suffers a balance of payment,&...
In order to build up its capital stock, the typical less-developed country should ideally ...