JAMB Economics 2017 Objective — Question 18

Question 18 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2017 Objective paper, with the correct answer and a full explanation.

Excess supply over demand will place a price advantage on

A. government
B. foreign investors
C. suppliers
D. consumersCorrect

Explanation

Excess supply over demand pushes prices down, which favours consumers and disadvantages suppliers.

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