by Sunday | Mar 28 | Economics WAEC
A. Price of the product B. Prices of factors of production. C. Tax paid on raw materials D. Subsidies on raw materials. Correct Answer: Option A = Price of the product
by Sunday | Mar 28 | Economics WAEC
A. An increase in quantity supplied B. A decrease in supply. C. A reduction in quantity supplied. D. An increase in supply. Correct Answer: Option C = A reduction in quantity supplied.
by Sunday | Mar 28 | Economics WAEC
A. Unitary elastic. B. Perfectly inelastic. C. Fairly elastic. D. Inelastic. Correct Answer: Option C = Fairly elastic.
by Sunday | Mar 28 | Economics WAEC
A. One B. Greater than one C. Zero D. Less than one. Correct Answer: Option C = Zero
by Sunday | Mar 28 | Economics WAEC
A. An improvement in innovation and technology. B. An increase in the price of the commodity C. A reduction in the cost of raw materials. D. A favourable weather condition. Correct Answer: Option C = A reduction in the cost of raw...
by Sunday | Mar 28 | Economics WAEC
A. Price of commodity X will increase B. Demand for the substitute of commodity X will decrease C. Demand for commodity X will decrease D. Supply of both commodity X and its substitute will increase. Correct Answer: Option C = Demand for commodity X will...