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In the normal market situation , when the price of a commodity rises the

Economics
WAEC 2006
In the normal market situation , when the price of a commodity rises the
  • A. demand for the commodity will rise
  • B. demand for the commodity will fall
  • C. supply of the commodity will be constant
  • D. supply of the commodity will fall
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts