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.
The international production set for Nigeria and Austria is: \(\begin{array}{c|c} Products & N...
Above full employment level, an expansionary monetary policy will lead to a ...
The short-run equilibrium in a perfectly competitive market requires that ...
The following are the objectives of agricultural policies in Nigeria EXCEPT ...
Efficiency of labour implies ...
The main advantage of large scale production is that ...
An economic system in which individual control the productive resources is known as ...
At optimum population level, a country has its ...
A supply curve slopes upwards from the left to the right indicating_________ ...