If demand is relatively inelastic and sellers are able to...
If demand is relatively inelastic and sellers are able to raise the price of their commodity, then there we be a
Fall in both quantity of demand and total revenue
Fall in the quantity demanded and rise in total revenue
Fall in the quantity demanded and rise in marginal revenue
Rise in both the quantity demanded and the marginal revenue
Correct answer is A
No explanation has been provided for this answer.
An advantage of electronic banking is that it ...
Which of the following is a determinant of elasticity of supply? ...
Which of the following Age group belongs to active Labour force? ...
The petrochemical industries are located in the River State of Nigeria due to ...
The term underpopulation refers to a situation where the population is ...
Government revenue will increase if taxes are levied on goods with ...
In determining cost, economics considers ...
Which of the following are the advantages of Nigeria's membership of ECOWAS? I. A greater opp...