A commodity is defined as normal when its demand changes ...
A commodity is defined as normal when its demand changes in the same direction as______
Income
Price
Taste
Preference
Correct answer is A
A commodity whose income elasticity is positive is a normal good because more of it is purchased as the consumer's income increases.
Parallel markets are usually the results of ...
One of the function of united nation conference on trade and development (UNTAD) is to ...
The price index computed between two time periods is given as 128%,This implies that the ...
A persistent and appreciable rise in the general level of price is known as ...
The oil boom between 1970 - 1980 caused the oil sector to become___________ ...
The monetary system that requires double coincidence of want is known as ...
A form of tax in which the poor pay a higher rate than the rich is known as ...
X, Y and Z are the only three consumers of a commodity. Their respective demand schedules for ...
The return of investment that is just sufficient to satisfy the owner of a business is called ...