A Nigerian household demand curve for semovita is downward sloping because
ECONOMICS
WAEC 1994
A Nigerian household demand curve for semovita is downward sloping because
- A. the demand for semovita is high
- B. the local markets are flooded with semovita
- C. semovita is produced in Nigeria
- D. the higher the price of semovita, the lower the quantity demanded
Correct Answer: D. the higher the price of semovita, the lower the quantity demanded
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