When the demand for a commodity is inelastic, total reven...
When the demand for a commodity is inelastic, total revenue will fall if
Price is increased
Price is reduced
Price remains constant
Price is not given
The commodity is a luxury
Correct answer is B
No explanation has been provided for this answer.
Which of the following occurs in the circular flow of economic activities with no leakages ...
Divorce of ownership from control is a characteristic of ...
Efficiency in production means ...
An economic problem arises when? ...
Comparative cost doctrine of international trade means specialization in production ...
Governments in West Africa can curtail inflation by ...
Which of the following is NOT true of debentures and debenture holders ...