Economics
JAMB 1979
If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called
-
A.
composite demand
-
B.
elastic demand
-
C.
derived demand
-
D.
competitive demand
-
E.
inelastic demand
Correct Answer: Option D
Explanation
No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please
click here
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}