An increase in demand without a corresponding change in s...
An increase in demand without a corresponding change in supply will lead to
A decrease in equilirium price and increase in equilibrium quantity
An increase in equilibrium price and quantity
A decrease in equilibrium price and quantity
An increase in equilibrium price and a decrease in equilibrium quantity
Correct answer is D
An increase in demand without a corresponding increase in supply will lead to a rise in price and a decrease in the quantity available for sale.
Tariff can be define as a compulsory levy on ...
The following are bye-products of crude oil EXCEPT ...
ECOWAS secretariat is located in ...
Which of the following is obtainable in a perfect market? ...
Industry can simply be defined as ...
Demand for money for speculative purposes means? ...
The relationship between tax rate and income which is relevant to a progressive tax is shown by ...
A country is allowed to import just 50,000 tonnes of rice annually. This describes ...