When the price of a good is above the equilibrium, there ...
When the price of a good is above the equilibrium, there will be
A shortage
A surplus.
Unemployment
Inflation
Correct answer is B
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded. There is a surplus of the goods on the market.
When a government cuts down her expenditure to reduce inflation, she has embarked on__________ ...
The Central Bank can restrict credit through ...
A country whose population size is too small relative to its resource is ...
Import substitution aims at ...
Consumer buy more of a commodity at a lower price than at a higher price because ...
A public limited company could finance its operations through ...
The Power Holding Company of Nigeria (PHCN) is a _______ ...
An inflation which occurs as a result of increase in production cost is known as ...