Waec 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Waec Economics examination. This question covers Economics .

Waec 2021 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 8 WAEC • 2021 • ECONOMICS • objective

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

Answer Options

A. Price of commodity X will increase.
B. Demand for the substitute of commodity X will decrease.
Correct Answer C. Demand for commodity X will decrease.
D. Supply of both commodity X and its substitute will increase.
Correct Answer
C
Correct Option:
Demand for commodity X will decrease.

About This Question

This is Waec 2021 Economics Question 8. It is one of the objective questions from the 2021 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Waec 2021 Economics Questions More Waec Practice Questions Back to Questions

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