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Thursday, 09 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2986:
when the quantity of a commodity supplied increases and the quantity demanded decreases , there will be
  • A A rise in price
  • B No change in price
  • C Price fluctuation
  • D A fall in price
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Question 2987:
the market price of a commodity is normally determined by the
  • A Law of demand
  • B Interaction of the force of demand and supply
  • C Total number of people in the market
  • D Total quantity of the commodity in the market
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Question 2988:
The mechanism which allows the price of a commodity to be fixed either above or below the equilibrium is known as
  • A Monopolistic competition
  • B Price discrimination
  • C Perfect competitive market
  • D Price control
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Question 2989:
A debenture holder is entitled to payment in the form of
  • A Allowance
  • B Interest
  • C Salary
  • D Donation
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Question 2990:
The main difference between a private and a public enterprises is the
  • A Amount of profit realized
  • B Mode of operation
  • C Objective of the business
  • D Ownership structure
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