Demand for a commodity by a consumer is the quantity of that commodity that the consumer
Demands at a given price at a point in time
Demand at a given price
Actually digests
Produces, given its price
Can store away during bnad weather
Correct answer is A
No explanation has been provided for this answer.
The main economic objective behind the production of goods and services in any economy is to
Maximize profits
Satisfy human wants
Become self reliant
Create job opportunities
Make people wealthy
Correct answer is B
No explanation has been provided for this answer.
Nigeria is currently implementing the
Third development plan
Second development plan
Fourth development plan
Fifth development plan
Correct answer is C
No explanation has been provided for this answer.
Differentiated product is the characteristic feature of
Perfect competition
Pure competition
Monopolistic competition
Monopoly
Oligopoly
Correct answer is C
No explanation has been provided for this answer.
Demand for a factor of production is
A composite demand
A joint demand
A derived demand
An elastic demand
Cross-elasticity of demand
Correct answer is C
No explanation has been provided for this answer.