If the income of a consumer rises and his demand for good...
If the income of a consumer rises and his demand for good X falls, good X can be described as
A normal good
An abnormal good
A good with inelastic demand
A good with unitary elastic demand
None of the above
Correct answer is E
No explanation has been provided for this answer.
How is NNP at factor cost derived from GNP at market prices? ...
Amount proposed for payment of wages and salaries in a budget is regarded as part of ...
A normal good with close substitutes is likely to have its price elasticity of demand ...
An appropriate industrialization strategy in an under-populated country is ...
One of the functions of the commercial banks is that it is ...
The law of demand states that ...
The demand for wood and labour is an example of_____ ...
Which of the following measures can be used to control inflation? ...
In order to boost agriculture, West African countries should pay more attention to ...