WAEC Economics 2017 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
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Effective supply is the total amount of a commodity
- A. A. from a single producer
- B. B. in the warehouses of producers
- C. C. offered for sale at a market priceCorrect
- D. D. produced for the market
Explanation
Effective supply is the total number of goods offered for sale at a market price.
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