A demand curve slopes downwards because of
...A demand curve slopes downwards because of
An increase in the money income of the consumer
A decrease in the money income of the consumer
The substitution effect and the rise in real income of the consumer
The rise in demand for the complementary goods
The increase in the demand for factors and production
Correct answer is C
No explanation has been provided for this answer.
One of the advantages of capitalism is that ...
Economic growth can be defined as ...
Which of the following will increase the nominal value of national income? ...
Devaluation is effective when ...
The ranking of a consumer’s need in order of importance is termed ...
Production takes place when ...
Ranking is the method use in measuring ...
Which of the following does not affect a country's population? ...