Fairly inelastic
Infinitely elastic
Perfectly inelastic
Unitary elastic
Correct answer is C
No explanation has been provided for this answer.
Demand for inferior goods is an example of
Expansion of demand
Contraction of demand
Individual demand
Abnormal demand
Correct answer is D
No explanation has been provided for this answer.
The gap between demand and supply curve below the equilibrium price indicates
Excess demand
Excess supply
Equilibrium quantity
Equilibrium price
Correct answer is A
No explanation has been provided for this answer.
The distribution of goods is said to be completed when it reaches the
Wholesalers
Consumers
Retailers
Manufacturers
Correct answer is B
No explanation has been provided for this answer.
One of the problems associated with the middlemen in the distribution of goods is that he
Buys in large quantities
Hoards goods
Grants credit to the retailers
Sells varieties of goods
Correct answer is B
No explanation has been provided for this answer.