2013/2014
The total quantity supplied of books per week is represented by the function Qs = 70 + V2P. At a price of N8.00, the quantity supplied is
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2013/2014 ABU Post UTME Economics Past Questions
2013/2014
A firm in a perfectly competitive market is faced with a demand curve whose elasticity is
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2013/2014
Given that the elasticity of demand for a commodity is 2.5, the percentage change in the quantity demanded as a result of a 10 percent change in price is
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2013/2014
If an increase in the price of a commodity leads to an increase in total revenue, then it means that the demand for this commodity is
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2013/2014
Which of the following factors is an important determinant of the magnitude of price elasticity of demand?
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2013/2014
If as the price of a commodity rises, the quantity demanded of the commodity remains the same, then the demand for the commodity is
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2013/2014
If at 20k per kg, 2000kg of yams were purchased, and at 10k per kg, 3000kg were purchased, the resultant point elasticity of demand is
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2013/2014
With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the
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2013/2014
One of the following is not a property of an indifference curve
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2013/2014
The law of diminishing marginal utility states that
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2013/2014
For a consumer of two commodities, equilibrium is attained when
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2013/2014
A consumer is said to be rational if
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