Government fixing of prices below the equilibrium point is aimed at protecting the

  • A sellers
  • B industries
  • C distributors
  • D consumers
waec 2009economics

The correct answer is D. consumers

When the government fixes a maximum price below the equilibrium point, it creates a price ceiling that prevents the price from rising above a certain level. 

This benefits consumers who would otherwise have to pay a higher price for the good or service. 

 

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