2009
If a fall in price of one commodity leads to an increase supply of another commodity, both commodities have
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2009 WAEC SSCE Economics Past Questions
2009
When the price of a commodity increases and the quantity demanded also increases, this is a case of
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2009
The type of demand that exist between torchlight and battery is
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2009
The demand and supply function of a commodity are given as below. Qd = 20 - 2pQs = 6p - 12Where p = price in naira, Qd = Quantity demanded and Qs = Quantity supplied. The equilibrium price is
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2009
The main objective of setting up a private business organization is to
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2009
Government fixing of prices below the equilibrium point is aimed at protecting the
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2009
The interaction of supply and demands for labour determines
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2009
If an increase in earning leads to more of of a commodity being demanded, the good is said to have
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2009
In the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
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2009
At a co-efficient of price elasticity of supply of 0.5, supply is
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2009
A society that operates below the production possibility curve is using its productive resources
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2009
which of the following sector is most capital intensive?
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2009
who among the following is the intermediary between the producer and the retailer?
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2009
The relationship between Marginal Product (MP) and Average Product (AP) is such that they are equal when
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2009
A consumer maximizes his utility in consuming a good 'X' when
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2009
which of the following is a condition necessary for a perfect market?
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2009
One advantage of a sole proprietor is that
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2009
which of these is true of a perfect competitor?
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2009
What accounts for the ‘U-shaped’ of the short run average cost (AC) curve?
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2009
labour can be efficient when there are
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