What is the effect of inelastic demand for agricultural p...
What is the effect of inelastic demand for agricultural products on the income of a farmer?
A price rise results in its fall
A price fall results in its fall
A price fall results in its rise
A price rise leaves the income unchanged
Correct answer is A
No explanation has been provided for this answer.
Fixing the prices of agricultural products can be a problem because of the ...
Goods are said to be in competitive demand when they are ...
The middlemen is responsible for ...
Wage bill ₦6,000, Rent, Rates, Depreciation ₦200, Raw materials ₦800, Power ₦300. Total var...
Which of the following financial institutions was originally known as a Building Society? ...
There is an improvement in the terms of trade of a country if ...
Changes in the value of money can be measured by ...
As long as marginal utility is positive, total utility must be ...
The difference between the gross domestic product (GDP) and gross national product (GNP) is? ...
A tax on a commodity whose supply is perfectly inelastic is ...