Question on: JAMB Economics - 2019
If two commodities are unrelated, a change in the price of one will____________
A
have effect on the quantity demanded of the other
B
have no effect on the quantity demanded of the other
C
increase the quantity demanded on the other
D
decrease the quantity demanded on the other
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Correct Option: B
A change in the price of refrigerator and bicycle has no effect on each other. A change in the price of refrigerator will have not affect the bicycle since they are not related. The two goods are independent goods.
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