The demand and supply function of a commodity are given as follows:
Quantity demanded (Qd) = 20 - 2p
Quantity supplied (Qs) = 6P - 12 where P = price in naira
(a) Determine the equilibrium price and quantity bought and s…
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1990
How can the Nigerian National Petroleum Corporation achieve internal economies of scale?
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1990
Give reasons for development planning in Nigeria.
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1990
Outline the difficulties encountered by tax collectors in Nigeria.
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1990
What is National income and its importance.
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1990
What is inflation? What efforts have been made by the government to combat inflation in Nigeria?
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1990
Despite having about 75% of their labour force in agriculture, West African countries cannot meet their domestic food requirement Discuss.
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1990
Discuss the factors that should motivate a producer to supply more of a commodity.
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1990
(a) Distinguish briefly but clearly between opportunity cost and money cost.
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1990
The raw scores of 20 students of Utopia High School who took part in an examination in Economics are given below. The pass mark is 40%
38 28 70 43
39 20 64 66
12 46 52 53
20 34 48 69
18 20 64 34
(a) What is the mean sco…
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1990
Economics can be best defined as the study of
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1990
All the following factors will cause a change in demand except
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1990
Demand in Economics is synonymous with
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1990
all the following are specific examples of indirect tax except
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1990
it is general belief that inflation in West Africa is caused by all the factors listed below except
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1990
which of the following are resources for holding money instead of investing it? I Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive
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1990
Time deposit has the same meaning as
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1990
A perfect market has all the following features except that
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1990
A firm that charges different price of goods or services that have same technical qualities is called
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1990
A rational consumer tends to do all the following except