by Sunday | Aug 8 | Economics WAEC
A. US dollars B. Canadian dollars C. Pounds sterling D. Deutschemark E. Belgian franc Correct Answer: Option A – US dollars
by Sunday | Aug 8 | Economics WAEC
A. Price is increased B. Price is reduced C. Price remains constant D. Price is not given E. The commodity is a luxury Correct Answer: Option B – Price is reduced
by Sunday | Aug 8 | Economics WAEC
A. Close substitutes B. Complementary goods C. Supplementary goods D. Gifted goods E. Luxurious goods Correct Answer: Option B – Complementary goods
by Sunday | Aug 8 | Economics WAEC
A. Luxury goods B. Inferior goods C. Imported capital goods D. Certain selected goods E. Goods consumed by low-income earners Correct Answer: Option D – Certain selected goods
by Sunday | Aug 8 | Economics WAEC
A. Income B. Taste and fashion C. Population D. Price of other commodities E. Price of the commodity concerned Correct Answer: Option E – Price of the commodity concerned