The price of a good rises from N5 to N8 and the quantity ...
The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is
Perfectly inelastic
Fairly inelastic
Perfectly elastic
Fairly elastic
Correct answer is B
No explanation has been provided for this answer.
One of the functions of Development Banks is to ...
The output approach to measuring national income is based on the computation of ...
The supply of cocoa is influenced by ...
The following are means of reducing the population of a country except encouraging ...
One good reason for the elimination of middle men is that they ...
An entrepreneur will continue to employ labour up to a point where ...
The short-run supply curve for medical doctors is more likely to be ...
Which of the following is NOT an advantage of localization of industry? ...
If the actual population in a country is less than the optimum population, then ...