Home » Economics » If, as the price of a commodity rises, the quantity demanded of the commodity remains…If, as the price of a commodity rises, the quantity demanded of the commodity remains… If, as the price of a commodity rises, the quantity demanded of the commodity remains the same, then the demand for the commodity is? A. static B. infinitely elastic C. externally determined D. perfectly inelastic Correct Answer: Option D Explanation Related Posts Comparative advantage implies that a country will specialize in producing the commodity? Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium… The reform in the banking sector in Nigeria is principally motivated by the need to When a union is composed of workers with the same skill,it is termed Land is a most significant factor in terms of contribution to the economy because Which of the following are the most liquid assets to a commercial bank?
