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Economics Past Questions

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2276

Data presented in tables are usually arranged in

  • A. charts and graphs
  • B. rows and columns
  • C. graph and rows
  • D. columns and charts
View Answer & Discuss WAEC 2008
2277

The theory of diminishing marginal utility states that as more units of a commodity are consumed, the

  • A. satisfaction from an extra unit decreases
  • B. satisfaction from an extra unit rises
  • C. satisfaction from an extra units remains constant
  • D. total satisfaction from the goods remains the same
View Answer & Discuss WAEC 2008
2278

Which of the following factors does not cause a change in demand

  • A. Taste and fashion
  • B. vagaries of weather
  • C. price of other commodities
  • D. price of commodity
View Answer & Discuss (1) WAEC 2008
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2279

If good P and Q are jointly demanded, an increase in the price of P will likely

  • A. leave the demand for Q constant but reduce the quantity demanded of P
  • B. reduce the quantity of P but increase the Price of Q
  • C. Increase the quantity supplied of Q
  • D. decrease the quantity demanded of Q
View Answer & Discuss (1) WAEC 2008
2280

The gap between demand and supply curves above the equilibrium price is

  • A. normal demand
  • B. excess supply
  • C. equil;ibrium quantity
  • D. abnormal demand
View Answer & Discuss WAEC 2008
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts