Ten rupees is the equilibrium price for good X. If government fixes the price at Rs.5, there is Options: A . &nbspA shortage B . &nbspA surplus C . &nbspExcess supply D . &nbspLoss

Ten rupees is the equilibrium price for good X. If government fixes the price at

Question

Ten rupees is the equilibrium price for good X. If government fixes the price at Rs.5, there is

Options:

A . A shortage

B . A surplus

C . Excess supply

D . Loss

Answer: Option A

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