[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Economics

Economics Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
551
If an increase in income induces a reduction in the demand for beans, beans can be referred to as?
  • A. a normal good
  • B. an inferior good
  • C. a substitute good
  • D. a giffen good
View Answer & Discuss JAMB 1990
552
The demand for a product is said to be price inelastic if?
  • A. the price elasticity of demand is less than one
  • B. the price elasticity of demand is greater than one
  • C. a reduction in price results in increase in the quantity demanded
  • D. an increase in price results in a decrease in the quantity demanded
View Answer & Discuss JAMB 1990
553
An imperfect market in which there is only one buyer of a commodity is?
  • A. monopsony
  • B. oligopoly
  • C. monoploy
  • D. duopoly
View Answer & Discuss JAMB 1990
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
554
The tailoring services is competitive partly because it consists of a large number of?
  • A. large-scale enterprises
  • B. medium scale enterprises
  • C. small scale enterprises
  • D. government-owned enterprises
View Answer & Discuss (1) JAMB 1990
555
Which of the following is applicable to a monopolistic firm operating at the output where marginal cost equals marginal revenue?
  • A. Cost of production is at a medium
  • B. The plant is of optimum size
  • C. Price is above marginal revenue
  • D. Average variable cost is at a minimum
View Answer & Discuss JAMB 1990
Start a Free Practice Test
 
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now