Economics
JAMB 2019
If two commodities are unrelated, a change in the price of one will____________
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A.
have effect on the quantity demanded of the other
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B.
have no effect on the quantity demanded of the other
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C.
increase the quantity demanded on the other
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D.
decrease the quantity demanded on the other
Correct Answer: Option B
Explanation
The two goods are Independent goods. Therefore, a change in the price of one will have no effect on the other. e.g. refrigerator and bicycle. A change in the price of refrigerator will have no effect on bicycle since they are not related.
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