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Given that beef and fish are substitutes, a rise in the price of beef relative...

Economics
JAMB 1986
Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
  • A. induce greater demand for beef
  • B. induce greater demand for fish
  • C. induce lower demand for fish
  • D. equate demands for beef and fish
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Correct Answer: Option B
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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now