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Question 0

If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called

  • A.composite demand
  • B.elastic demand
  • C.derived demand
  • D.competitive demand
  • E.inelastic demand
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1979
Question no.
#0
Type
Objective
Previous · Q0Production covers all but one of the following activities: Next · Q0 One of the reason why the condition of supply of a commodity may change is

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