A Look at the Maps of Nigeria,Pakistan and Brazil Would

question 45

Multiple Choice

A look at the maps of Nigeria,Pakistan and Brazil would show that when governments established new post-colonial capitals,they moved away from

• A)swamps.
• B)deserts.
• C)areas of ethnic discord.
• D)coastal port areas.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at different prices.

Total Revenue

The total amount of money a firm receives from sales of its products or services, calculated by multiplying the price per unit by the total number of units sold.

Price-inelastic

Price-inelastic describes a situation where the demand for a product or service is relatively unresponsive to changes in its price.

Linear Demand Curve

A graphical representation showing a straight-line relationship between the quantity demanded of a good and its price.