An entrepreneur will locate his industry in a place
Nearest to his homw town
Where the cost of production will be minimized
Nearest to his wife's hometown
Where the government direct him to locate
Where there is no other industry
Correct answer is B
No explanation has been provided for this answer.
The rural area of West Africa lack industries because
Rural people are not meant to work in industries
Rural people are uneducated
Of inadequate infrastructure
Of low population density
They are not suitable for industries
Correct answer is C
No explanation has been provided for this answer.
Price elasticity of demand is defined as the
Responsiveness of demand to change in price
Responsiveness of price to change in demand
Increase in demand resulting form a rise in price
Unit decrease in price resulting from a a fall in demand
Unit increase in quantity demanded when price rises
Correct answer is A
No explanation has been provided for this answer.
That is too bad for consumption
Whose price is lower than the price of other goods
That is easily perishable
Whose demands fall when the income of its consumer increases
That is not durable
Correct answer is D
No explanation has been provided for this answer.
Supply in Economics means making
Goods and services available to consumers
Goods available to the market at a given price and at a given period
Available the goods and services which consumers require
Create goods
Import goods
Correct answer is B
No explanation has been provided for this answer.