If two commodities are good substitutes for one another, ...
If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called
Composite demand
Elastic demand
Derived demand
Competitive e demand
Inelastic demand
Correct answer is D
No explanation has been provided for this answer.
One of the major factors that brings about changes in supply is ...
Basic extractive activities are classified as ...
Agriculture plays a dominant role in West Africa economics because ...
Labour productivity is defined as ...
One of the argument against the presence of middlemen in the distribution chain is that they ...
Liquidation of limited liability company implies that the ...
The economic system in which the decisions about what to produce, how to produce and for whom t...
Which of the following statements does NOT describe a situation of perfect competition? ...