by Sunday | Aug 8 | Economics WAEC
A. buying more at a high price than at a low price B. buying more at a low price than at a high price C. buying at utility maximization D. reacting to price changes E. complying with the law of demand Correct Answer: Option A – buying more at a high price than...
by Sunday | Aug 8 | Economics WAEC
A. the consumer’s income B. the consumer’s taste C. a change in population size D. a change in weather condition E. the price of commodity Correct Answer: Option E – the price of commodity
by Sunday | Aug 8 | Economics WAEC
A. needs B. wants of the consumer C. all goods demanded in the market D. wants supported with the ability to pay E. all consumers goods Correct Answer: Option D – wants supported with the ability to pay
by Sunday | Aug 8 | Economics WAEC
A. purchases tax B. import duty C. export duty D. excise duty E. poll tax Correct Answer: Option E – poll tax
by Sunday | Aug 8 | Economics WAEC
A. excessive bank lending B. budget deficit C. rising incomes D. shortage supply E. decrease in money supply Correct Answer: Option E – decrease in money supply