The decision to consume more of one product under normal ...
The decision to consume more of one product under normal circumstances will apply
Less of another product will be consumed
More of another product will be consumed
Less of the product will be consumed
No other products will be consumed
Correct answer is A
Getting more of one commodity allows a consumer to demand less of the other product. The demand for substitute products shows a negative correlation. That is, consumption of one product reduces or replaces the need for the other.
Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe p...
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The diagram above shows the effect of ...
The production possibility curve (PPC) indicates that as more of one good is produced. ...