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Economics Past Questions

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1346

The mean is the best measure of central tendency because it

  • A. is not affected by extreme values in a data
  • B. is a midpoint value in an array of data
  • C. is a balancing point in an observation
  • D. can be calculated from incomplete data
View Answer & Discuss (6) JAMB 2010
1347

The most popular sizes of dresses and shoes are determined by the

  • A. range
  • B. mean
  • C. mode
  • D. median
View Answer & Discuss (1) JAMB 2010
1348

If the demand for a good is more elastic than its supply, the tax burden is borne

  • A. equally by consumers and producers
  • B. more by producers
  • C. more by consumers
  • D. more by retailers and producers
View Answer & Discuss (2) JAMB 2010
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1349

If the price of a commodity with elastic demand increases, the revenue accruing to the producer will

  • A. double
  • B. increase
  • C. be constant
  • D. decrease
View Answer & Discuss (7) JAMB 2010
1350
Consumer surplus tends to be higher when demand is
  • A. inelastic
  • B. perfectly elastic
  • C. elastic
  • D. unitarily elastic
View Answer & Discuss (9) JAMB 2010
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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