If the price of a commodity falls and the quantity purcha...
If the price of a commodity falls and the quantity purchased of it does not rise, the commodity can be described as
Normal
Abnormal
Inferior
Superior
Scarce
Correct answer is C
No explanation has been provided for this answer.
In Nigeria, the government can reduce the cost of accommodation by fixing the rent ...
If real income increases while nominal income remains the same, it can be inferred that ...
The law of diminishing marginal utility states ...
Which of the following statements must hold if price discrimination is to be possible? ...
The main characteristics of an ordinary shares are ...
Economics is best described as the study of ...
Wage bill ₦6,000, Rent, Rates, Depreciation ₦200, Raw materials ₦800, Power ₦300. Total var...
Stocking small quantities of a variety of goods is a function of the ...