Economics
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Past Questions
Question 1196
jamb 2006
a
a rational consumer will buy less of X
b
consuming more of X will increase total utility
c
Y is an inferior good
d
X will be cheaper than Y
Question 1197
jamb 2006
a
consumers income increases
b
it has no close substitutes
c
the price is low
d
it has utility
Question 1198
jamb 2006
a
superior goods
b
inferior goods
c
the cost of production
d
the factors of production
Question 1199
jamb 2006
a
normal goods
b
inferior goods
c
perfect substitutes
d
close substitutes
Question 1200
jamb 2006
a
hoarding
b
excess supply
c
excess demand
d
a blank market
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