Economics Past Questions and Answers

Which of the following is NOT a measure of central tendency?

Which of the following is NOT a measure of dispersion?

A normal good with close substitutes is likely to have its price elasticity of demand<br/>_____

Demand for a factor of production is ____

Given Demand function: Qd = 5P + 10; Supply function: Qs = 7P — 5. If the price is at ₦5, the excess demand is