WAEC Economics 2017 Objective — Question 15
Question 15 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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Parallel markets are usually the result of
- A. A. excess supply
- B. B. the activities of rich individuals
- C. C. price legislationCorrect
- D. D. inadequate information
Explanation
When unwanted price is legislated, producers form parallel markets with some consumers.
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