The decision to consume more of one product under normal circumstances will apply
ECONOMICS
JAMB 2023
The decision to consume more of one product under normal circumstances will apply
- A. less of another product will be consumed
- B. more of another product will be consumed
- C. less of the product will be consumed
- D. no other products will be consumed
Correct Answer: A. less of another product will be consumed
Explanation
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.
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