A decrease in supply without a corresponding change in de...
A decrease in supply without a corresponding change in demand will lead to
An increase in equilibrium price and a decrease in equilibrium quantity
A decrease in equilibrium price and an increase in equilibrium quantity
A decrease in equilibrium price and equilibrium quantity
An increase in equilibrium price and quantity
Correct answer is A
No explanation has been provided for this answer.
Personal income tax as a source of government revenue is increased when the ...
The best method to curb inflation in Nigeria is to ...
The money paid per hour for work done is________ ...
An economy system that uses what is regarded as the "Market mechanism" is called_______ ...
An imperfect market in which there is only one buyer of a commodity is ...
When demand is elastic, it means that consumers ...
If government fixes price below the equilibrium price, what effect will it have on demand? ...
The Economic Commission for Africa was set up by the________ ...
One of the functions of the price system is that it ...
Which of the following is true about import substitution? It ...