The decision to consume more of one product swill under normal circumstances imply that

Assessment: WAEC SSCE - Economics - 1994 (Objective) Subject: Economics

Question 1 Report

The decision to consume more of one product swill under normal circumstances imply that
Answer Details
Under normal circumstances, the decision to consume more of one product implies that less of something else will be consumed. This is because resources (such as money or time) are limited and a decision to consume more of one product means there are fewer resources available to consume other products. As a result, individuals must make trade-offs between consuming different goods and services. Therefore, the decision to consume more of one product results in a decrease in the consumption of another product, all other things being equal.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning