Which of the following statement is TRUE of the effect of...
Which of the following statement is TRUE of the effect of changes in demand and supply on price?
A decrease in supply will lead to fall in price and a fall in the quantity bought and sold
An increase in demand will lead to a fall in price and quantity bought and sold
A decrease in demand will lead to a rise in price and in the quantity bought and sold
An increase in supply will lead to a fall price and a rise in the quantity bought and sold
Correct answer is D
No explanation has been provided for this answer.
Restrictive monetary policy is designed to curtail aggregate demand and to overcome________ ...
The main objective of setting up private businesses is to ...
When a variable is associated with time period, it is ...
One of the function of united nation conference on trade and development (UNTAD) is to ...
When total revenue is at a maximum, marginal revenue is? ...
The study of economics becomes necessary because of the ...
The major reason why nations engage in international trade is that ...
The size of a business units tends to be small if the activity ...
The elasticity of demand is given by ...
Which of the following is NOT strictly included In the study of economics? ...