by Sunday | Jan 7 | Economics WAEC
I – changes in consumer preferences II – changes in real income III – changes in the distribution of incomes IV – changes in levels of taxation A. I, II B. II, III C. I, III, IV D. I, II, III, IV Correct Answer: Option D D. I, II, III, IV...
by Sunday | Jan 7 | Economics WAEC
A. income B. price C. taste D. preferences Correct Answer: Option A A. income Explanation A commodity whose income elasticity is positive is a normal good because more of it is purchased as the consumer’s income...
by Sunday | Jan 7 | Economics WAEC
A. a wish for the lowest possible price B. ability and willingness to pay C. cash in one’s pocket D. a promise to make payment Correct Answer: Option B B. ability and willingness to pay Explanation Effective demand is the desire, backed by willingness and...
by Sunday | Jan 7 | Economics WAEC
John an apprentice, engineer, and amateur trumpet player, was earning ₦30 per week before accepting Full-time employment in a top orchestra, for which he now receives ₦150 per week. ₦120 of his current weekly earnings can be described as? A. marginal physical...
by Sunday | Jan 7 | Economics WAEC
A. Producer B. Retailer C. Consumer D. Wholesaler Correct Answer: Option C C. Consumer Explanation Goods are moved from the producer/manufacturer to the wholesaler, from the wholesaler to the retailer and from the retailer to the consumer, which is the last link in...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.