2013
Economics
POST UTME
In which of the following situations do we have a free good?
A.
At zero price, more is demanded than supplied
B.
At zero price, quantity supplied exceeds quantity demanded
C.
At equilibrium price, quantity supply is equal to quantity demanded.
D.
Any quantity can be obtained when the price is low
Correct Answer: At zero price, quantity supplied exceeds quantity demanded
Explanation
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