If demand is relatively inelastic and sellers are able to...
If demand is relatively inelastic and sellers are able to raise the price of their commodity, then there we be a
Fall in both quantity of demand and total revenue
Fall in the quantity demanded and rise in total revenue
Fall in the quantity demanded and rise in marginal revenue
Rise in both the quantity demanded and the marginal revenue
Correct answer is A
No explanation has been provided for this answer.
The active intervention of the central authorities in the management of a country's economy rest...
In Nigeria, the huge public debt is as a result of ...
In an attempt to correct a deficit balance of payment, a country may decide to increase ...
Money is demanded for which of the following reasons? ...
The contribution of petroleum to the economy of nigerian is most prominent in the area of ...
The problem of scarcity is reduced by ...
The supply of labour can be influenced by the ...
The term 'investment' in macroeconomics means ...
Which of the following assets of the commercial bank does not yield revenue? ...
The current industrial development strategy in Nigeria is aimed at encouraging ...