by Sunday | Jan 7 | Economics WAEC
A. an increase in the equilibrium price and decrease in the equilibrium quantity bought and sold B. an increase in both equilibrium C. a decrease in the equilibrium price and an increase in the equilibrium quantity bought and sold D. a decrease in both equilibrium...
by Sunday | Jan 7 | Economics WAEC
A. A stock B. A Flow C. Constant D. A table Correct Answer: Option B B. A Flow Explanation Supply is a flow because its relates to a period of time i.e has a time dimension.
by Sunday | Jan 7 | Economics WAEC
A. Elastic B. Inelastic C. Perfectly elastic D. Unitary Correct Answer: Option C C. Perfectly elastic Explanation The foreign market is perfectly competitive while the home market is monopolistic. Since foreign market is a perfect competitor then the monopolist is...
by Sunday | Jan 7 | Economics WAEC
In the short-run, the monopoly makes? A. Normal profit B. Abnormal Profit C. Loss D. Sales Correct Answer: Option B B. Abnormal Profit Explanation Short-run is a period where some factors are fixed and some are variable. The short-run monopoly sells OM output at MP...
by Sunday | Jan 7 | Economics WAEC
A. the government B. the producer C. the consumer D. the market supply and demand junctions Correct Answer: Option D D. the market supply and demand junctions Explanation Since the buyers or sellers cannot influence the price of goods and services. The Demand and...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.