2020
A large firm may experience diseconomies of scale if there is
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2020 WAEC SSCE Economics Past Questions
2020
If a beef market is in equilibrium at $4.00 per kg, an increase in price to $6.00 per kg may cause
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2020
A seller increased the quantity he offered for sale from 200 units to 250 units when the price of his product increased by 12.5%. What is the price elasticity of the supply of his product?
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2020
An increase in supply means that
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2020
If an increase in the supply of beef increased the supply of hides, then beef and hides are in
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2020
If an increase in the price of crude oil led to an increase in the prices of kerosene and grease, then kerosene and grease are in
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2020
Goods that are abundant in supply usually have low
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2020
A consumer is in equilibrium when
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2020
Goods are described as inferior if their demand
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2020
In the figure above, YZ represents
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2020
Use the figure below to answer the question that followsThe curves D\(_{0}\)D\(_{0}\)and S\(_{0}\)S\(_{0}\) are the initial demand and supply curves respectively. What happens when government provides subsidies to produc…
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2020
The figure above shows the change in demand for Commodity X which is a normal good. Use itto answer the question that follows.Which of the following caused the change in demand from D\(_{1}\) D\(_{1}\)to D\(_{2}\)D\(_{2}…
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2020
Use the figure below to answer the question that followsWhat does the diagram above depict
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2020
In a free market economy, resources are allocated through the
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2020
Land as a factor of production is made useful through the
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2020
When the production possibility curve shifts outwards, the economy experiences
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2020
Which of the following is central to the definition of Economics?
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