From the following statement given in column 1 and column 2 , choose the correct pair of statement?

Dear student,

a) Excess demand - iv) Quantity demanded > quantity supplied
b) Excess supply - i) quantity supplied > Quantity demanded 
c) Price ceiling - iii) Maximum price
d) Rationing - A method of allocation of limited supply of essential commodities

Regards,

  • 0
What are you looking for?