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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3611:
if the coefficient of cross elasticity of demand for goods Y and Z is positive, the two goods are?
  • A Complements
  • B Substitutes
  • C Luxurious
  • D Inferior
View Answer & Explanation
Question 3612:
the difference between demand and wants is in the
  • A Desire for the commodity
  • B Significance of the commodity
  • C Ability to pay for the commodity
  • D Economic value of the commodity
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Question 3613:
A demand curve parallel to the Y-axis indicates
  • A Fairly elastic demand
  • B Perfectly elastic demand
  • C Perfectly inelastic
  • D Fairly inelastic demand
View Answer & Explanation
Question 3614:
which of the following is an example of derived demand
  • A Textbook
  • B Labour
  • C Staple food
  • D Mobile phone
View Answer & Explanation
Question 3615:
A rightward shift in the supply curve of a commodity is brought about by an increase in?
  • A The level of technology
  • B The price of the commodity
  • C Cost of production
  • D Taxation
View Answer & Explanation