Test Index

WAEC Economics 2021 Paper

© africaexams.com

Question : 8

Total: 50

What will be the reaction of consumers in a market if there is a fall in the price of the substitute commodity X?

Price of commodity X will increase
Demand for the substitute of commodity X will decrease
Demand for commodity X will decrease
Supply of both commodity X and its substitute will increase.

Go to Question:

Prev Question

Next Question