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The Theory of Price Determination - Jamb Economics Past Questions and Answers

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Jamb Economics Past Questions

Jamb Past Questions and Answers on The Theory of Price Determination

Question 81:


One of the criticisms of the price mechanism is that

A. Producers are sovereign
B. It provides low degree of freedom
C. It widens the inequitable gap
D. Consumers are sovereign

View Answer & Explanation

Question 82:


In Nigeria, government can reduce the cost of accommodation by fixing rent

A. At the prevailing rate
B. At the equilibrium price
C. Above the equilibrium price
D. Below the equilibrium price

View Answer & Explanation



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