When government intervenes in price-setting, the regulated price is usually
Question
When government intervenes in price-setting, the regulated price is usuallyOptions
A)
higher than the last price
B)
lower than the last price
C)
higher than the equilibrium price
D)
lower than the equilibrium price
E)
higher than the ceiling price
Related Lesson: Price Legislation | Theory of Price Determination
The correct answer is D.
More Past Questions:
Discussion
Other Subjects
- English Language
- Biology
- Mathematics
- Government
- Physics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Accounts
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- History
- Further Mathematics
- Current Affairs
- Civic Education
- Math
- Reading
- Writing and Language
- Computer Studies
- French
- Home Economics
- Hausa
- Yoruba
- Igbo
- Fine Arts