Search SchoolNGR

Monday, 06 July 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 3276:
Palm oil and palm kernel have
  • A Competitive supply
  • B Excess supply
  • C Joint supply
  • D Composite supply
View Answer & Explanation
Question 3277:
A supply curve which is vertical has an elasticity co-efficient of
  • A 0.0
  • B 0.5
  • C 1.5
  • D 2
View Answer & Explanation
Question 3278:
if the current price of an apple is twice that of last year, it implies that the value of money is
  • A Stable
  • B Falling
  • C Rising
  • D Getting stronger
View Answer & Explanation
Question 3279:
price fixed above the equilibrium is to
  • A Protect agricultural producers
  • B Discourage agricultural producers
  • C Lower the price of agricultural producers
  • D Favour consumers
View Answer & Explanation
Question 3280:
A consumer purchasing a commodity X will maximize his satisfaction if
  • A Px = MUx
  • B Px ≥ MUx
  • C Px > MUx
  • D Px < MUx
View Answer & Explanation