The increase in the demand for a commodity may lead to a ...
The increase in the demand for a commodity may lead to a decrease in the demand for another if both are
In complementary demand
Of the same quality
In composite demand
In competitive demand
Correct answer is D
Competitive demand is also known as subtituted demand. There are alternative commodities which can satisfy similar wants wants i.e they posses identical utilities. An increased in demand for one will lead to a decreased demand for the other.
In perfect competition, price is determined by the ...
Industrial development in Nigeria can be encouraged through ...
The use of mass advertising media enable a firm to enjoy ...
Equity shares form the bulk of the capital of a ...
The components of a three-sector economy are ...
The curve labeled III illustrate a system of taxation ...
An imperfect competitor is in equilibrium when ...
The direct exchange of one goods for another without the use of money is known as ...
Which of the following persons is engaged in "Secondary Production"? I - a bricklayer ...