When the demand for a good increases owing to an increase...
When the demand for a good increases owing to an increase in income, it means that
There is an increase in quantity demanded
Inflation has taken place
Demand has exceeded supply
There is an increase in demand
Correct answer is D
No explanation has been provided for this answer.
A budget is balance when expected total revenue is ...
The deregulation of telecommunication services in Nigeria is a characteristic of ...
Which of the following is true of a perfect market situation? ...
An increase in the supply of labour in a factory while other things remain equal will lead to ...
One problem in the marketing of agricultural products in Nigeria is ...
The theory of comparative cost advantage is associated with ...
The major determinant of the total volume of output in an economy is the ...
Demand for inferior goods is an example of ...
The most important limitation on the partner as a form of business enterprise is the ...