by Sunday | Oct 23 | Economics JAMB
A. 0.80 B. 1.25 C. 2.00 D. 10.00 Correct Answer: Option B – 1.25
by Sunday | Oct 23 | Economics JAMB
A. perfectly elastic B. perfectly inelastic C. fairly inelastic D. fairly elastic Correct Answer: Option B – perfectly inelastic
by Sunday | Oct 23 | Economics JAMB
A. supply always exceeds demand B. demand always exceeds supply C. price is an incentive to consumers D. price is an incentive to producers Correct Answer: Option D = price is an incentive to producers
by Sunday | Oct 23 | Economics JAMB
A. utility is measureable B. utility is not measurable C. total utility equals marginal utility D. total utility is constant Correct Answer: Option A – utility is measureable
by Sunday | Oct 23 | Economics JAMB
A. negatively sloped B. parallel to the price axis C. parallel to the quantity axis D. positively sloped Correct Answer: Option D – positively sloped