by Sunday | Nov 6 | Economics WAEC
A. change and taste and fashion of consumers B. increase in the income of consumers C. a fall in the cost of production D. increase in the price of a product Correct Answer: Option C C. a fall in the cost of production Explanation An increase in supply is illustrated...
by Sunday | Nov 6 | Economics WAEC
A. time period B. cost of production C. size of consumer income D. nature of the product Correct Answer: Option D D. nature of the product Explanation It refers to how the amount supplied of a good or service changes in response to a price or factor change. Factors...
by Sunday | Nov 6 | Economics WAEC
A. from a single producer B. in the warehouse of producers C. offered for sale at a market place D. produced for the market Correct Answer: Option C C. offered for sale at a market place Explanation In economics, effective demand (ED) in a market is the demand for a...
by Sunday | Nov 6 | Economics WAEC
A. the level of technology B. the price of the commodity C. cost of production D. taxation Correct Answer: Option C C. cost of production Explanation Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or...
by Sunday | Nov 6 | Economics WAEC
A. textbook B. labour C. staple food D. mobile phone Correct Answer: Option B B. labour Explanation Derived demand is an economic term describing the demand for a good/service resulting from the demand for an intermediate or related good/service. It is a demand for...
by Sunday | Nov 6 | Economics WAEC
A. fairly elastic demand B. perfectly elastic demand C. perfectly inelastic D. fairly inelastic demand Correct Answer: Option C C. perfectly inelastic Explanation When the demand curve is parallel to the vertical axis, it means, that the same amount of goods are...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.