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if the price elasticity of demand for a good is 0.43 an increase in it's...

if the price elasticity of demand for a good is 0.43 an increase in it's price would result in
a) an increase in profit by 43%
b) a net gain
c) a decrease in profit by 43%
d) a net loss

which economic system is consumers referred to as the king
a) capitalist
b) socialist
c) mixed

The supply of labour can be influenced by
a) Size of the population
b) stage of economic development
c) size of the country
d) extent of the market?

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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709