by Sunday | Aug 8 | Economics WAEC
A. Demand, supply B. Demand supply C. Demand = Supply D. Demand/Supply E. Demand = zero Correct Answer: Option A – Demand, supply
by Sunday | Aug 8 | Economics WAEC
A. current account B. demand deposit C. deposit account D. bank deposit E. bank rate Correct Answer: Option C – deposit account
by Sunday | Aug 8 | Economics WAEC
A. workers are retrenched B. the colour of the naira is changed C. the government cuts all salaries and wages D. there is inflation E. the naira is overvalued Correct Answer: Option D – there is inflation
by Sunday | Aug 8 | Economics WAEC
A. there are many buyers and few sellers B. the commodities bought and sold are homogenous C. there is free entry and exit D. buyers and sellers have perfect knowledge of the market E. there is only one ruling price Correct Answer: Option A – there are many...
by Sunday | Aug 8 | Economics WAEC
A. a perfect competitor B. a monopsony C. an oligopoly D. a discriminating monopoly E. a duopoly Correct Answer: Option D – a discriminating monopoly
by Sunday | Aug 8 | Economics WAEC
A. buying more at a high price than at a low price B. buying more at a low price than at a high price C. buying at utility maximization D. reacting to price changes E. complying with the law of demand Correct Answer: Option A – buying more at a high price than...
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