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.
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An isoquant lying above to the right of another represents ...
From the shaded area of the diagram above, an appropriate population policy will be to ...
Price fixed above the equilibrium is to ...
Occupational distribution of population determines the ...
One disadvantage of sole proprietorship is its ...
It is impossible to satisfy all human wants because ...
A firm's average cost decreases in the long-run because of ...
Which of the following factors is NOT responsible for the rural/urban drift in Nigeria? ...