by Sunday | Jan 7 | Economics WAEC
In the short-run, the monopoly makes? A. Normal profit B. Abnormal Profit C. Loss D. Sales Correct Answer: Option B B. Abnormal Profit Explanation Short-run is a period where some factors are fixed and some are variable. The short-run monopoly sells OM output at MP...
by Sunday | Jan 7 | Economics WAEC
A. the government B. the producer C. the consumer D. the market supply and demand junctions Correct Answer: Option D D. the market supply and demand junctions Explanation Since the buyers or sellers cannot influence the price of goods and services. The Demand and...
by Sunday | Jan 7 | Economics WAEC
Price (#) Quantity Demanded 8 10 6 12 A. -1.25 B. 0.62 C. 1.25 D. 1 Correct Answer: Option C C. 1.25 Explanation The elasticity of demand is calculated using: ρd = % Δ in P % Δ in Q NOTE: Elasticity of demand is always positive. Therefore, the negative sign is...
by Sunday | Jan 7 | Economics WAEC
A. have effect on the quantity demanded of the other B. have no effect on the quantity demanded of the other C. increase the quantity demanded on the other D. decrease the quantity demanded on the other Correct Answer: Option B B. have no effect on the quantity...
by Sunday | Jan 7 | Economics WAEC
A. Derived demand B. Joint demand C. Abnormal demand D. Composite demand Correct Answer: Option C C. Abnormal demand Explanation A normal demand curve slopes downward from left to right indication. Its lower price more will be demand but the Abnormal demand curve...
by Sunday | Nov 13 | Economics WAEC
A. rule of law B. indirect democracy C. separation of powers D. classical democracy Correct Answer: Option B B. indirect democracy Explanation Representative government otherwise known as indirect democracy is An electoral system where citizens vote to elect people to...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.