The equilibrium price of orange is 50k. If for some reaso...
The equilibrium price of orange is 50k. If for some reason the price rises to 60k, there will be
Excess demand
Excess supply
Shortage in the market
Many buyers in the market
No buyer in the market
Correct answer is B
No explanation has been provided for this answer.
The most basic concern of economists is to? ...
When total revenue is at a maximum, marginal revenue is? ...
Which of the following is not a benefit derived by Nigeria from the petroleum industry? ...
\(\begin{array}{c|c} \text{Unit of output} & \text{Table cost}\\ \hline 1 & 20 \\ 2 &...
In national income accounting, aggregate saving in any year is defined as ...
Which of the following is central to the definition of Economics? ...
The amount of money that a firm recieves from the sales of its output is called ...
The instrument used in many countries to restrict imports includes ...
\(\begin{array}{c|c} \text{Output(kg)} & 240 & 450 & 580 & 630 \\ \hline \text{MR...