by Sunday | Oct 21 | Economics JAMB
A. fall in consumer income B. change in consumer taste C. fall in the commodity relative price D. rise in the consumer income Correct Answer: Option D – rise in the consumer income Explanation When there is an increase in income, a consumer can buy more of both...
by Sunday | Oct 21 | Economics JAMB
A. unitary elastic B. zero elastic C. elastic D. inelastic Correct Answer: Option C = elastic Explanation Elasticity of demand refers to how sensitive the demand for a good is to changes as prices and consumer income...
by Sunday | Oct 21 | Economics JAMB
A. change in the quantity demanded as price changes B. shift in the demand curve C. movement along a given demand curve D. change in the price elasticity of demand Correct Answer: Option D – change in the price elasticity of demand Explanation A normal good is a...
by Sunday | Oct 21 | Economics JAMB
A. range B. variance C. standard deviation D. mean deviation Correct Answer: Option B – variance Explanation variance is the expectation of the squared deviation of a random variable from its mean. Informally, it measures how far a set of (random) numbers are...
by Sunday | Oct 21 | Economics JAMB
A. income level of households B. available technical skills in the economy C. output decisions of firms D. holding decision of households Correct Answer: Option C – output decisions of firms Explanation Capitalism is an economic system in which private...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.