The coefficient of the price elasticity of supply is always _________?
A. Constant B. Zero C. Positive D. Negative Correct Answer: Option C – Positive
An upward movement along the same supply curve result in _______?
A. a decrease in price B. an increase C. an increase in quantity supplied D. a decrease In quantity supplied Correct Answer: Option C – an increase in quantity supplied
If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in ______?
A. a decrease in profit by 43% B. an increase in profit by 43% C. a net loss D. a net gain Correct Answer: Option A – a decrease in profit by 43%
If the price of a ball point pen falls from N1.00 to NO.60 and the quantity demanded increases from 200 to 300; the point elasticity of demand is equal to?
A. 0.50 B. 0.40 C. 1.25 D. 0.80 Correct Answer: Option A – 0.50
A limited liability company is owned by ___________?
A. a bank B. an individual C. two or more partners D. shareholders Correct Answer: Option D – shareholdersProducts
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Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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Co-Ownership Structures and Land Acquisition Methods in Nigeria
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Rights in Community Land and Fundamental Land Concepts in Nigeria
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Customary Land Control and the Origins of Nigeria's Land Use Act
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Land Ownership Principles and Transaction Laws in Nigeria
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