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  9. Q9
Question 9

Giffen commodities are those commodities

  • A.which gives rise to a cobweb situation
  • B.for which demand increases as price increases
  • C.which have a low price elasticity of demand
  • D.which are in short supply
  • E.which have a high income elasticity of demand
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1995
Question no.
#9
Type
Objective
Previous · Q8which of the following economic system is in operation in Nigeria? Next · Q10 Effective demand in economics means

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