JAMB - Economics (2019 - No. 2)
If two commodities are unrelated, a change in the price of one will____________
have effect on the quantity demanded of the other
have no effect on the quantity demanded of the other
increase the quantity demanded on the other
decrease the quantity demanded on the other
Açıklama
The two goods are Independent goods. Therefore, a change in the price of one will have no effect on the other. e.g. refrigerator and bicycle. A change in the price of refrigerator will have no effect on bicycle since they are not related.