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Question 0

If an increase in income induces a reduction in the demand for beans, beans can be referred to as?

  • A.a normal good
  • B.an inferior good
  • C.a substitute good
  • D.a giffen good
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1990
Question no.
#0
Type
Objective
Previous · Q0Technical progress that leads to a reduction in costs results in? Next · Q0 The demand for a product is said to be price inelastic if?

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