by Sunday | Aug 3 | Economics WAEC
A. price B. improved production method C. access to capital D. demand for the commodity E. level of income Correct Answer: Option E – level of income
by Sunday | Aug 3 | Economics WAEC
A. Nearness to the market B. Availability of infrastructural facilities C. Government influence in sitting industries D. political instability E. Abundance of cheap labour Correct Answer: Option D – political...
by Sunday | Aug 3 | Economics WAEC
A. market size B. availability of an infrastructure C. wage rate D. Raw materials E. Availability of land Correct Answer: Option A – market size
by Sunday | Aug 3 | Economics WAEC
A. as price increases, quantity demanded remains constant B. demand increases as price increases C. as price falls, quantity demanded also falls D. as price falls, quantity demanded increases E. demand and supply remains constant whether price fall or increase Correct...
by Sunday | Aug 3 | Economics WAEC
A. all economics system B. a mixed economic system only C. a democratic socialist economy only D. a free enterprise system only E. a planned economic system only Correct Answer: A – all economics system