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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2004 - Question 50

Economics 2004 JAMB Past Questions - Question 50: A black market can occur when

Choose the most appropriate option for the gap .

A black market can occur when

A: supply is in excess of demand

B: consumption of the commodity is restricted

C: prices are set by government above the equilibrium

D: prices are set by government below the equilibrium

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ECONOMICS

Economics 2004 JAMB Past Questions - Question 50: A black market can occur when

Examkit's JAMB CBT App

Correct Answer

Explanation