by Sunday | Oct 21 | Economics JAMB
A. Supply of the commodity B. Availability of the substitutes C. Price of the commodity D. Technical know-how Correct Answer: Option C – Price of the commodity Explanation Tastes and Preferences of the Consumers Income of the People: Changes in Prices of the...
by Sunday | Oct 21 | Economics JAMB
A. Fairly inelastic B. Perfectly inelastic C. Unitary elastic D. Perfectly elastic Correct Answer: Option C – Unitary elastic
by Sunday | Oct 21 | Economics JAMB
A. Derived B. Composite C. Competitive D. Joint Correct Answer: Option D – Joint Explanation Joint demand refers to the relationship between two or more commodities or services when they are demanded together to satisfy one want. There is joint demand for cars...
by Sunday | Oct 21 | Economics JAMB
A. Diversification of the economy B. Strict immigration law C. Paying unemployment benefits D. Restrictive fiscal policy Correct Answer: Option A – Diversification of the economy Explanation Economic diversification is the process of shifting an economy away...
by Sunday | Oct 21 | Economics JAMB
A. Price B. Satisfaction C. Cost D. Revenue Correct Answer: Option B – Satisfaction Explanation Utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a goods or service is the change in the utilityfrom an increase in...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.