At the equilibrium price, quantity demanded is
...At the equilibrium price, quantity demanded is
Greater than quantity supplied
Equal to quantity supplied
Less than quantity supplied
Equal to excess supply
Correct answer is B
No explanation has been provided for this answer.
A smaller industry that grows to cater for the need of the major industry is ...
Scale of preference refers to ...
A negative effect of the presence of a large number of middlemen in the distributive network is ...
The formular used by the Expenditure approach to calculate National income is ...
A fall in national output will necessitate ...
Despite the benefits large firms enjoy, it could be limited by the ...
Inflation is likely to benefit______ ...
The best way of combating demand-pull inflation is to ...
The process of building up country’s capacity to process raw materials for the production of g...