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3466

A major determinant of the demand for a luxury good is____________?

  • A. the price of other goods
  • B. the price of the good
  • C. tastes and fashion
  • D. the income of consumers
View Answer & Discuss (9) JAMB 2018
3467

When a variable is associated with time period, it is_____________

  • A. circular
  • B. a flow
  • C. static
  • D. a stock
View Answer & Discuss (6) JAMB 2018
3468

The factor of production that has the highest degree of mobility is__________?

  • A. entrepreneurship
  • B. land
  • C. labour
  • D. capital
View Answer & Discuss (1) JAMB 2018
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3469

The minimum number of share holders for joint stock companies is_______________

  • A. 4
  • B. 2
  • C. 7
  • D. 3
View Answer & Discuss (4) JAMB 2018
3470

If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then____________

  • A. only the quantity will increase
  • B. The prices will remain constant
  • C. the equilibrium price and quantity will increase
  • D. only the price will increase
View Answer & Discuss (3) JAMB 2018
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