A commodity is said to have derived demand when it
Has a joint demand with another commodity
Is demanded by the rich only
Is demanded for immediate consumption
Is demanded because of what it can help to produce
Correct answer is D
No explanation has been provided for this answer.
An increase in the demand for butter reduces the demand for margarine, this type of demand is called
Competitive demand
Elastic demand
Derived demand
Composite demand
Correct answer is A
No explanation has been provided for this answer.
When elasticity is zero the demand curve is
Perfectly elastic
Perfectly inelastic
Concave
Downward sloping
Correct answer is B
No explanation has been provided for this answer.
The National Electrical Power Authority (NEPA) in Nigeria is a
Public Limited Company
Private limited company
Private authority
Public corporation
Correct answer is D
No explanation has been provided for this answer.
A limited liability company is owned by the
President of the country
Workers
General manager
Shareholders
Correct answer is D
No explanation has been provided for this answer.