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Question 0

Inferior goods are referred to in Economics as goods

  • A.Whose quality is low
  • B.Consumed by very poor people
  • C.Whose consumption falls when cunsumers' income rises
  • D.Which satisfy only the basic needs
  • E.None of the above
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1978
Question no.
#0
Type
Objective
Previous · Q0The following is NOT a reason for the existence of small firms Next · Q0 Malthus became famous through his theory which may be stated simply

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