2003
The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is
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2003 JAMB UTME Economics Past Questions
2003
Utility is the satisfaction derived from?
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2003
In economic analysis, a statement is said to be normative if it?
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2003
For an inferior good, a decreased in real income will lead to?
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2003
When two variables are positively related, the graph of the relationship?
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2003
If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be
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2003
\(\begin{array}{c|c} \text{Output produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60 &a…
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2003
\(\begin{array}{c|c} \text{Out put produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60 &…
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2003
In a planned economy, the emphasis is on
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2003
If there is an increase in demand without a corresponding increase in supply, there will be a
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2003
Imperfect market is characterized by
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2003
The long-run average cost curve is called a planning curve because it shows what happens to costs when
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2003
Price elasticity of supply is a ratio of the change in
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2003
Short-run period in production is a period too short for a firm to be able to change its
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2003
A normal supply curve is usually positively sloped because the relationship between
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2003
Inflation that is usually associated with periods of trade boom is
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2003
Insurance companies, pension and provident funds and unit trusts are all examples of
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2003
For a firm, value added can be defined as the difference between the
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2003
The distinguishing characteristic between the money market and the capital market lies in whether the
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2003
The term 'Near money' is best described as
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