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Goods are said to be in competitive demand when they are

Economics
WAEC 2013

Goods are said to be in competitive demand when they are

  • A. substitutes
  • B. complementary
  • C. jointly demanded
  • D. identical
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Correct Answer: Option A
Explanation

Goods are considered competitive when they can readily be substituted for one another.

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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 Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts