Economics Past Questions and Answers

Given perfect competition in the capital market, the opportunity cost of capital is adequately reflected by the?

If a 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1,500kg were purchased, the resultant point elasticity of demand is?

If, as the price of a commodity rises, the quantity demanded of the commodity remains the same, then the demand for the commodity is?

Which of the following factors is an important determinant of the magnitude of price elasticity of demand?

The marginal theory of distribution makes an assertion that the price of any factor depends upon its marginal?