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Economics Past Questions

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
3481

A limited liability company is owned by________________

  • A. a bank
  • B. an individual
  • C. two or more partners
  • D. share holders
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3482

If the price of a ball point pen falls from N1.00 to N0.60 and the quantity demanded increases. from 200 to 300, the point elasticity of demand is equal to____________

  • A. 0.50
  • B. 0.40
  • C. 1.25
  • D. 0.80
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3483

If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in____________

  • A. a decrease in profit by 43%
  • B. an increase in profit by 43%
  • C. a net loss
  • D. a net gain
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WAEC offline past questions - with all answers and explanations in one app - Download for free
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
3484

The money paid per hour for work done is_________

  • A. cost
  • B. salary
  • C. bonus
  • D. wage rate
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3485

From the graph above the consumer will attain equilibrium at point_______________

  • A. J
  • B. K
  • C. M
  • D. L
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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