New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    When the price ceiling is fixed below the equilibrium

    price, it leads to which of the following? (1) Excess supply (2) Excess demand (3) Black marketing
    A Only 1 Correct Answer Incorrect Answer
    B Both 2 and 3 Correct Answer Incorrect Answer
    C Both 1 and 3 Correct Answer Incorrect Answer
    D Only 2 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next