Which of the following shows why individual demand curve ...
Which of the following shows why individual demand curve for a good usually slopes downward from left to right?
More of commodities are offered for sale at a lower than higher prices
Marginal utility falls as consumption increases
The higher the price, the higher the quantity offered for sale
Prices are usually falling when demand is low
Correct answer is A
A normal demand curve slopes downward from left to right indicating at higher price, less quantity will be demanded and vice versa.
The Nigerian bank for commerce and industry is ...
All the following are types of specialization except ...
Factory buildings, machinery and raw materials are known in Economics as ...
A rational consumer will adjust his spending pattern so that ...
Which of the following items does NOT belong to a country's current account in the balance of pa...
Net migration is the difference between ...
Which of the following is not a characteristics of money? ...
Full employment is a situation in which ______ ...
The total stock of money available for use in an economy is ...