by Sunday | Oct 23 | Economics JAMB
A. double B. increase C. be constant D. decrease Correct Answer: Option D – decrease Explanation If the demand for a good is elastic, the producer revenue will reduce. This is because, when there is an increase in price it will lead to a decrease in the quantity...
by Sunday | Oct 23 | Economics JAMB
A. equally by consumers and producers B. more by producers C. more by consumers D. more by retailers and producers Correct Answer: Option B – more by producers Explanation If the demand for a good is elastic it means a change in price would affect a change in...
by Sunday | Oct 23 | Economics JAMB
A. range B. mean C. mode D. median Correct Answer: Option C – mode Explanation The mode of a set of data is the value that appears most often. From the question above, the size of dresses and shoes with the highest occurence or appearance would be easily...
by Sunday | Oct 23 | Economics JAMB
A. is not affected by extreme values in a data B. is a midpoint value in an array of data C. is a balancing point in an observation D. can be calculated from incomplete data Correct Answer: Option C – can be calculated from incomplete data Explanation The mean...
by Sunday | Oct 23 | Economics JAMB
A. always measured from the mode B. the most representative of averages C. always measured from the median D. a measure of dispersion Correct Answer: Option D – a measure of dispersion Explanation The standard deviation is a statistic that measures the...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.