A. an increase in the equilibrium price and decrease in the equilibrium quantity bought and sold B. an increase in…
A. A stock B. A Flow C. Constant D. A table Correct Answer: Option B B. A Flow Explanation Supply…
A. Elastic B. Inelastic C. Perfectly elastic D. Unitary Correct Answer: Option C C. Perfectly elastic Explanation The foreign market…
In the short-run, the monopoly makes? A. Normal profit B. Abnormal Profit C. Loss D. Sales Correct Answer: Option B…
A. the government B. the producer C. the consumer D. the market supply and demand junctions Correct Answer: Option D…
Price (#) Quantity Demanded 8 10 6 12 A. -1.25 B. 0.62 C. 1.25 D. 1 Correct Answer: Option C…
A. have effect on the quantity demanded of the other B. have no effect on the quantity demanded of the…
A. Derived demand B. Joint demand C. Abnormal demand D. Composite demand Correct Answer: Option C C. Abnormal demand Explanation…
A. Economic Commission for Africa (ECA) B. African Development Bank (ADB) C. World Health Organization (WHO) D. International Monetary Fund…
A. Cape Verde B. Mauritania C. Cameroon D. Niger Correct Answer: Option C C. Cameroon