An increase in supply will lower price unless
...An increase in supply will lower price unless
Supply is perfectly inelastic
Demand is perfectly inelastic
It is followed by an increase in demand
Demand is highly inelastic
Correct answer is C
No explanation has been provided for this answer.
In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of? ...
Which of the following will not retard economic development in West Africa? ...
In a market economy, the problem of what goods to produced is solved primarily by ...
Economic development may be defined as economic growth ...
An example of an indirect tax is ...
A straight line indifference curve indicates that the two products are ...
Which of the following will enhance productivity in an economy? ...
One of the ways of correcting a deficit balance of payments is to ...
GDP differs from GNP because GDP ...
An upward movement along the same supply curve results in ...