by Sunday | Oct 28 | Economics JAMB
A. consumers are irrational B. marginal utility rises continuously C. utility is measurable D. utility can only be ranked Correct Answer: Option D – utility can only be ranked
by Sunday | Oct 28 | Economics JAMB
A. value that is most representative of the data B. mid-position when the values are arranged in ascending or descending order C. mid-position when the values are arranged randomly D. difference between the highest and the lowest values when arranged in ascending...
by Sunday | Oct 28 | Economics JAMB
A. increase price B. reduce output C. reduce price D. retain price Correct Answer: Option C – reduce price
by Sunday | Oct 28 | Economics JAMB
A. a shift in the demand curve B. a change in the price changes C. a movement along a given demand curve D. a change in the price elasticity Correct Answer: Option A – a shift in the demand curve
by Sunday | Oct 28 | Economics JAMB
A. retailer to the wholesaler B. producer to the wholesaler C. retailer to the consumer D. wholesaler to the retailer Correct Answer: Option C – retailer to the consumer
by Sunday | Oct 28 | Economics JAMB
A. increasing budget surplus B. increasing factor costs C. exchange rate appreciation D. high capacity utilization Correct Answer: Option C – exchange rate appreciation
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