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Question 14

what are inferior goods? These are goods

  • A.that are generally in short supply
  • B.that are no longer in demand
  • C.whose demand falls as income increase
  • D.whose price falls as demand increases
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2006
Question no.
#14
Type
Objective
Previous · Q13The amount of satisfaction obtained from the consumption of a commodity at a… Next · Q15 In the analysis of utility theory, the basis of demand is

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