by Sunday | Aug 7 | Economics WAEC
A. limited liability B. lack of technical know-how C. low-profit margin D. inadequate capital Correct Answer: Option D – inadequate capital
by Sunday | Aug 7 | Economics WAEC
A. grant credit to the wholesaler B. break-bulk and sell products in small units C. reduce the cost of distribution D. generate demand for products through advertisement Correct Answer: Option B – break-bulk and sell products in small...
by Sunday | Aug 7 | Economics WAEC
A. pure competition only B. pure monopoly only C. monopolistic competition only D. any type of market Correct Answer: Option A – pure competition only
by Sunday | Aug 7 | Economics WAEC
A. the incomes of consumers rise B. the price of the goods rises C. the price of complementary goods rises D. advertising expenditure on complementary goods increase Correct Answer: Option B – the price of the goods rises
by Sunday | Aug 7 | Economics WAEC
A. fall in both quantity of demand and total revenue B. fall in the quantity demanded and rise in total revenue C. fall in the quantity demanded and rise in marginal revenue D. rise in both the quantity demanded and the marginal revenue Correct Answer: Option A...
by Sunday | Aug 7 | Economics WAEC
A. the marketing boards B. the commodity boards C. the river-basin authorities D. private investors and individuals Correct Answer: Option D – private investors and individuals
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