ExamPlay Dark Logo
Se connecter

WAEC - Economics (2016 - No. 7)

The demand curve for neccessity is usually
vertical
backward bending
horizontal
negatively sloped

Explication

Necessity goods are products and services that consumers will buy regardless of the changes in their income levels, therefore making these products less sensitive to income change.

Commentaires (0)

Connectez-vous pour commenter
Publicité
BrainBehindX Inc Logo
©2026; Alimenté par BrainBehindX Inc