What will be the reaction of consumers in a market if the...
What will be the reaction of consumers in a market if there is a fall in the price of the substitute commodity X?
Price of commodity X will increase
Demand for the substitute of commodity X will decrease
Demand for commodity X will decrease
Supply of both commodity X and its substitute will increase
Correct answer is C
No explanation has been provided for this answer.
The investment expenditure of an economy changes by N2 million and MPC is 0.75 The multiplier is ...
In national income accounting, the term ''net'' is used to indicate that a value.......
Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe p...
One of the problems arising from the localization of industries is ...
Which of the following is an objective of economic integration? ...
The shape of a production possibility frontier is determined by the ...
An increase in cash ratio by the central bank will_______ ...