by Sunday | May 23 | Economics WAEC
A. Mux = Px B. Px > Mux C. price is falling D. Mux > Px Correct Answer: Option A A. Mux = Px
by Sunday | May 23 | Economics WAEC
A. sellers B. industries C. distributors D. consumers Correct Answer: Option D D. consumers
by Sunday | May 23 | Economics WAEC
A. production B. income C. wage D. profits Correct Answer: Option C C. wage
by Sunday | May 23 | Economics WAEC
A. positive income elasticity B. negative income elasticity C. positive cross elasticity D. negative cross elasticity Correct Answer: Option A A. positive income elasticity
by Sunday | May 23 | Economics WAEC
A. An increase in demand for X will increase supply of Y B. An increase in demand for X will leave the supply of Y unchanged C. An increase in demand for Y will raise the price of X D. An increase in demand for X will cause less of Y to be produced Correct Answer:...
by Sunday | May 23 | Economics WAEC
A. perfectly inelastic B. inelastic C. perfectly elastic D. elastic Correct Answer: Option B B. inelastic