Which of the following shows why individual demand curve ...
Which of the following shows why individual demand curve for a good usually slopes downward from left to right?
More of commodities are offered for sale at a lower than higher prices
Marginal utility falls as consumption increases
The higher the price, the higher the quantity offered for sale
Prices are usually falling when demand is low
Correct answer is A
A normal demand curve slopes downward from left to right indicating at higher price, less quantity will be demanded and vice versa.
Which of the following is true of NEPA as a public corporation in Nigeria? It is ...
A list of consumer's wants arranged in order of priorities is known as ...
Let capital formation = CF, Production = P, C = consumption. Then CF =_______ ...
Increasing returns to scale suggests that ...
When Elasticity of Demand is greater than one, the demand is ...
The rate of increase in utility is ...
One of the functions of Development Banks is to ...
Determine the marginal revenue if the total revenue is 80.00 ...
The demand curve facing the monopolist in the foreign market is_________ ...