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3441
The equilibrium price clears the market; it is the price at which___________
  • A. Everything is sold
  • B. Buyers spend all their money
  • C. Excess demand is zero
  • D. None of the above
View Answer & Discuss JAMB 2017
3442

The graph above shows;

  • A. a decrease in quantity supplied
  • B. an increase in supply
  • C. a decrease in supply
  • D. an increase in quantity
View Answer & Discuss (1) JAMB 2017
3443
Goods sold in perfectly competitive markets are generally
  • A. homogenous
  • B. intermediate and final
  • C. durable and non-durable
  • D. heterogeneous
View Answer & Discuss JAMB 2017
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3444
Cost - push inflation occurs when_______
  • A. production cost is high
  • B. government embarks on deficits financing
  • C. factors decrease
  • D. there is too much in circulation
View Answer & Discuss JAMB 2017
3445
The basic principle of cooperative societies is to ________
  • A. maintain the integrity of their members
  • B. protect the interest and pursue the welfare of members
  • C. ensure better working conditions for members
  • D. provide voluntary services to the members
View Answer & Discuss JAMB 2017
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