If the price of a commodity falls and the quantity purcha...
If the price of a commodity falls and the quantity purchased does not rise, the commodity can be described as_______
Scarce
Normal
Superior
Inferior
Correct answer is D
No explanation has been provided for this answer.
A change in supply is best described as a ...
The demand and supply function of a commodity are given as below. Qd = 20 - 2p Qs = 6p - 12 ...
Industries for consumer goods are concentrated in urban centers as a result of ...
Hoarding in distributive trade leads to ...
Which of the following is not an asset of a commercial bank? ...
Upstream oil activities involve the ...
The market price of a commodity is normally determined by the ...
Which of the following is an objective of economic integration? ...