Economics Past Questions and Answers

If the price of a ball point pen falls from N1.00 to N0.60 and the quantity demanded increases from 200 to 300, the point elasticity of demand is equal to?

If a society is operating on the production possibility curve, this implies that the resources are?

A market is in disequilibrium if?

The cross-elasticity of demand between complementary goods is?

Resources are efficiently allocated when production takes place at that output where price equals?