Do we ascribe the national shortage of gasoline to the law of demand and supply or is something else at play?
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QandA LiberiaTeacher
Which of the following is true about the supply of land? It A. rises with demand. B. varies with time. C. is fixed. D. is higher in the urban than rural areas.
QandA LiberiaTeacher
Goods whose demand vary directly with money income are called: A. inferior goods. B. substitute goods. C. normal goods. D. complementary goods.
QandA LiberiaTeacher
With the aid of appropriate diagrams, explain the effects of an increase in the price of kerosene on the demand for kerosene stoves.
QandA LiberiaTeacher
With the aid of appropriate diagrams, explain the effects of an increase in the price of beef on the demand for fish
QandA LiberiaTeacher
Distinguish between increase in demand and increase in quantity demanded of a commodity
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