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766
the market price of a commodity is normally determined by the
  • A. law of demand
  • B. interaction of the force of demand and supply
  • C. total number of people in the market
  • D. total quantity of the commodity in the market
View Answer & Discuss WAEC 2006
767
The mechanism which allows the price of a commodity to be fixed either above or below the equilibrium is known as
  • A. monopolistic competition
  • B. price discrimination
  • C. perfect competitive market
  • D. price control
View Answer & Discuss (1) WAEC 2006
768
A debenture holder is entitled to payment in the form of
  • A. allowance
  • B. interest
  • C. salary
  • D. donation
View Answer & Discuss WAEC 2006
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769
The main difference between a private and a public enterprises is the
  • A. amount of profit realized
  • B. mode of operation
  • C. objective of the business
  • D. ownership structure
View Answer & Discuss (5) WAEC 2006
770
The total amount of money raised by a company through issuance of shares to the public is
  • A. debentures
  • B. nominal capital
  • C. ordinary shares
  • D. paid-up capital
View Answer & Discuss WAEC 2006
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