A. total cost and marginal cost B. total revenue and total cost C. average cost and total cost D. price…
A. elastic B. inelastic C. zero elastic D. unitary elastic Correct Answer: Option B B. inelastic Explanation The numerical values…
A. elastic demand B. perfectly elastic demand C. inelastic demand D. unitary elastic demand Correct Answer: Option C C. inelastic…
A. real per capita income B. level of primary production C. population growth rate D. level of illiteracy Correct Answer:…
A. commercial banks B. co-operative credit societies C. central banks D. development banks Correct Answer: Option A A. commercial banks…
A. a fall in price and an increase in quantity bought and sold B. an increase in price and increase…
A. Local government authorities B. Trade unions C. Marketing boards D. Co-operative organizations Correct Answer: Option C C. Marketing boards…
A. experiencing a high rate of emigration B. made up of a large number of old people C. not producing…
A. banks, schools, and hospitals B. workers, producers, and marketers C. households, firms, and the government D. producers, retailers, and…
A. inadequate demand B. use of traditional implements C. land tenure system D. pests and diseases Correct Answer: Option D…