Q1. MCQ1 a) According to the law of supply and demand describe using examples the principle of: change in quantity of de
Posted: Wed Jul 06, 2022 6:29 pm
- Q1 Mcq1 A According To The Law Of Supply And Demand Describe Using Examples The Principle Of Change In Quantity Of De 1 (9.9 KiB) Viewed 22 times
Q1. MCQ1 a) According to the law of supply and demand describe using examples the principle of: change in quantity of demand and change in demand. Explain in your own words what would happen to a good's demand, which is considered an inferior good, if the income of the population was reduced in 20% due to a recession period? (60 marks)