If elasticity of demand for a commodity is less than one,...
If elasticity of demand for a commodity is less than one, demand is
Unitary elastic
Inelastic
Infinite elastic
Zero elastic
Correct answer is B
No explanation has been provided for this answer.
Agriculture plays a dominant role in our country because ...
A group of firm producing similar commodities for the same market constitute ...
Which of the following situations can give rise to economic problems? ...
When a union is composed of workers with the same skill,it is termed ...
Goods are said to be in competitive demand when they are ...
If Nigeria imports vehicles from Japan the transaction will appear as a ...
If the budget of the country was $7,200, how much is allocated to Education? ...
Among the disadvantages of the one-man business is the fact that______ ...