Which of the following matters may account for changes in...
Which of the following matters may account for changes in demand?
I - changes in consumer preferences
II - changes in real income
III - changes in distribution of incomes
IV - changes in levels of taxation
I, II
II, III
I, III, IV
I, II, III, IV
Correct answer is D
Consumer preferences (Taste), Income, taxation, advertisement, population, weather conditions, price of other commodities are shift. Factors that affect or change or shift the demand curve.
Which of the following is NOT a component of agriculture? ...
Production takes place when ...
Which of the following is NOT a character of perfect competition? ...
Production covers all the following except when ...
A major setback in any mixed economy is ...
A major advantage of specialization and division of labour is that ...
Economic development is distinguishable from economic growth because the former ...
The merging of firms engage in different stages of production and marketing is called? ...
Balance of payment deficit can be corrected by ...
Dumping means the selling of a good in a foreign market at a price that is ...