If the price of flour rises, then bread
Demand curve will shift to the left while supply curve will shift to the right
Supply curve will shift to the left
Supply curve will shift to the right
Demand curve will shift to the right while supply curve remains unchanged
Correct answer is B
If the cost of resources used to produce a good increases, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.
Nationalist agitation in British West Africa after the World War II led to the ________
disregard for traditional rulers who supported the British
formation of political parties
killing of British administrative officials
cooperation of the ex-servicemen with the governor
Correct answer is B
No explanation has been provided for this answer.
The major concern of the United Nations Organization (UNO) is world ________
trade
peace
health
cooperation
Correct answer is B
No explanation has been provided for this answer.
ECOWAS monitoring group (ECOMOG) was established to ________
recruit able-bodied men to defend West Africa
restore peace to war-torn West African countries
change bad government in West Africa
corporation of the ex-servicemen with the governor
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not an effect of many middlemen in the chain of production?
Shortage of commodities
Low retail prices
Hoarding of goods
High retail prices
Correct answer is B
Middlemen intervention raise price for consumers. The real profit goes to the middlemen who buy up the farm products at almost give away prices and sell at outrageous prices to the consumers.