passwella.
Menu

WAEC Economics 2009 Question 18

Question 18

Price Determination

Government fixing of prices below the equilibrium point is aimed at protecting the

  1. A.sellers
  2. B.industries
  3. C.distributors
  4. D.consumers.
Show the answer and explanation

Answer: D (consumers.)

Explanation

A maximum price below equilibrium keeps goods affordable for consumers.