A Nigerian household's demand curve for semovita is d...
A Nigerian household's demand curve for semovita is downward because?
The demand for semovita is high
The local markets are flooded with semovita
It is produced in Nigeria
Every household can afford to buy semovita
Higher prices attract lower quantities while lower prices attract larger quantities
Correct answer is E
For a demand curve to be downward sloping, it means the quantity demanded tends to be lower at higher prices, indicating the negative relationship between the price of a product and the quantity demanded.
The business risks of a public corporation are borne ultimately________ ...
Adam Smith's Theory of value stated that the value of a commodity depended on________ ...
Money may not be accepted as a store of value if ...
The solution to problem of how to produce in a capitalist economy is solved by ...
If the demand function is Qd = -0.5 + 20, calculate the quantity demanded when price is $15.0 ...
The public sector of an economy includes ...