JAMB - Economics (2023 - No. 43)
The decision to consume more of one product under normal circumstances will apply
less of another product will be consumed
more of another product will be consumed
less of the product will be consumed
no other products will be consumed
Explicació
Getting more of one commodity allows a consumer to demand less of the other product. The demand for substitute products shows a negative correlation. That is, consumption of one product reduces or replaces the need for the other.