For normal goods the income elasticity of demand is
...For normal goods the income elasticity of demand is
Positive
Negative
Zero
Infinite
Correct answer is A
No explanation has been provided for this answer.
The short-run equilibrium output for a monopolist is determined by the ...
The major source of Nigeria's foreign exchange is the export of? ...
If a consumer plans to spend 120k on four oranges but spent 80k, his consumer surplus is ...
From an economic point of view, an activity does not have a cost when ...
The first commercial oil well in Nigeria was discovered in ...
The main difference between a private and a public enterprises is the ...
A firm is said to have benefited from external economies in production if it has realized ...
Optimum population is defined as the level of population at which ...