by Sunday | Nov 7 | Economics WAEC
A. excess demand B. excess supply C. parallel market D. hoarding of goods Correct Answer: Option B B. excess supply Explanation A price floor is the lowest legal price a commodity can be sold at. Price floors are used by the government to prevent prices from being too...
by Sunday | Nov 7 | Economics WAEC
A. a moment along the curve B. a leftward shift C. no shift of the supply curve D. a shift to the right Correct Answer: Option D D. a shift to the right Explanation If sellers expect that the price of the goodwill is decreasing in the future, then they are likely to...
by Sunday | Nov 7 | Economics WAEC
A. 108ton B. 52tons C. -52tons D. -108tons Correct Answer: Option B B. 52tons
by Sunday | Nov 7 | Economics WAEC
A. positively sloping supply curve B. perfectly elastic supply curve C. backward bending supply curve D. perfectly inelastic Correct Answer: Option A A. positively sloping supply curve
by Sunday | Nov 7 | Economics WAEC
A. consumers are to a change in price B. sellers are to a change in price C. sellers are to a change in price D. buyers are to a change in income Correct Answer: Option C C. sellers are to a change in price Explanation Price elasticity of supply or demand measures the...
by Sunday | Nov 7 | Economics WAEC
A. competitive demand B. composite demand C. complementary demand D. derived demand Correct Answer: Option C C. complementary demand Explanation Complementary demand:- Is a demand for a product generated by the demand for a related but different product, such as by...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.