The decision to consume more of one product under normal circumstances will apply

Economics

JAMB 2023

A. less of another product will be consumed
B. more of another product will be consumed
C. less of the product will be consumed
D. no other products will be consumed

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Correct Answer: Option A

Explanation

Getting more of one commodity allows a consumer to demand less of the other product. The demand for substitute products shows a negative correlation. That is, consumption of one product reduces or replaces the need for the other.

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The decision to consume more of one product under normal circumstances will apply

Correct Answer: Option A

Explanation

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