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Economics WAEC Past Questions

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1571

(a) State the laws of demand and supply.

(b) With the aid of a diagram, explain the implications of a change in the quantity demanded of a commodity.
 

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1572

What form of business enterprise would you recommend for a tailor? Give reasons for your answer.
 

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1573

(a) What is mobility of labour?

(b) What factors serve as obstacles to occupational mobility of labour? 

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1574

Highlight any five objectives of price control. 
 

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1575

Why should a country measure her national income? 
 

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