by Sunday | May 24 | Economics WAEC
A. fairly inelastic B. perfectly elastic C. elastic D. inelastic Correct Answer: Option C C. elastic
by Sunday | May 24 | Economics WAEC
A. price of the commodity B. new techniques of production C. national emergencies D. mobility of labour Correct Answer: Option C C. national emergencies
by Sunday | May 24 | Economics WAEC
A. allocation of resources B. amount of national savings C. population of the country D. number of goods to be taxed Correct Answer: Option A A. allocation of resources
by Sunday | May 24 | Economics WAEC
A. normal demand B. excess supply C. equilibrium quantity D. abnormal demand Correct Answer: Option B B. excess supply
by Sunday | May 24 | Economics WAEC
A. leave the demand for Q constant but reduce the quantity demanded of P B. reduce the quantity of P but increase the Price of Q C. Increase the quantity supplied of Q D. decrease the quantity demanded of Q Correct Answer: Option D D. decrease the quantity demanded of...
by Sunday | May 24 | Economics WAEC
A. Taste and fashion B. vagaries of weather C. price of other commodities D. price of commodity Correct Answer: Option D D. price of commodity