by Sunday | Aug 8 | Economics WAEC
A. Luxury goods B. Inferior goods C. Imported capital goods D. Certain selected goods E. Goods consumed by low-income earners Correct Answer: Option D – Certain selected goods
by Sunday | Aug 8 | Economics WAEC
A. Income B. Taste and fashion C. Population D. Price of other commodities E. Price of the commodity concerned Correct Answer: Option E – Price of the commodity concerned
by Sunday | Aug 8 | Economics WAEC
A. Control of inflation B. Distortion of price mechanism C. Prevention of exploitation D. Control of producer’s profit E. Helping low-income earners Correct Answer: Option B – Distortion of price mechanism
by Sunday | Aug 8 | Economics WAEC
A. A table containing the price of goods B. A table showing the relationship between price and quantity demanded of a commodity C. A table showing the consumer demand on order of importance D. The quantity of goods the consumer is prepared to buy E. The market demand...
by Sunday | Aug 8 | Economics WAEC
A. Is concave to the point of origin B. Is convex to the point of origin C. Is parallel to X-axis D. Is parallel to Y-axis E. Slopes upwards from left to right Correct Answer: Option B – Is convex to the point of...
by Sunday | Aug 8 | Economics WAEC
A. Political organization B. Trade organization C. Financial organization D. Social organization E. Commercial organization Correct Answer: Option C – Financial organization