For an inferior good, a decreased in real income will lea...
For an inferior good, a decreased in real income will lead to
A lower equilibrium price
A change in quantity demanded
An outward shift of the demand curve
An inward shift of the demand curve
Correct answer is C
No explanation has been provided for this answer.
Which of the following measures will hinder efficient distribution of goods in West Africa? ...
A downward sloping demand curve means that? ...
Commercial banks settle their inter-bank indebtedness through ...
The demand for factors of production is said to be ...
In its simplified form, the circular flow of income concept refers to the ...
Which of the following is not a visible item in international trade payments? ...
Which of the following is NOT illustrated by the production possibility curve? ...
The employer's demand curve for labour is represented by the ...
Two principal ways by which banks can lend money to their customers are through ...
Market supply may increase if there is an increase in the_______ ...