A. Price decreases
B. The price of a substitute falls
C. The price of a complement rises
D. income falls
A. 50
B. 100
C. 1000
D. 5
A. 5 radios
B. 10 radios
C. 15 radios
D. zero radios
A. Psychographics
B. Personality
C. Demographics
D. Lifestyle
A. Demand more price inelastic
B. Supply more price inelastic
C. Demand more income elastic
D. Supply more income elastic
I. changing part of a public enterpris’s ownership to the private sector
II. Liberalization of entry into activities previously restricted to the public sector
III. two infant industries merging into a monopoly
IV. franchising or contracting public services or leasing public assets to the Private sector
A. III only
B. IV only
C. I, II and IV only
D. None of these
A. A lower equilibrium wage and lower quantity of labour
B. A lower equilibrium wage and higher quantity of labour
C. A higher equilibrium wage and higher quantity of labour
D. A higher equilibrium wage and lower quantity of labour