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Friday, 03 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 46:
In the table, the income elasticity of clothing is
  • A 0.5
  • B 2.0
  • C 2.5
  • D 5.0.l
View Answer & Explanation
Question 47:
The graphs illustrate
  • A Joint demand
  • B Derived demand
  • C Composite demand
  • D Competitive demand
View Answer & Explanation
Question 48:
In the diagram above, the consumer attains equilibrium at point
  • A G
  • B H
  • C J
  • D K
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Question 49:
Use the diagram above to answer this question. Points E6 and E5 are respectively equilibrium points for
  • A Do and So D o and S2
  • B D1 and S2; D2 and So
  • C D2 and S1;D2 and S2
  • D D2 and SoDo and S2
View Answer & Explanation
Question 50:
Use the diagram above to answer this question. Identity the three Important factors that can make So to become either S1 or S2
  • A Technology, weather and population
  • B Technology, price and tastes
  • C Weather, price and technology
  • D Population, weather and teastes
View Answer & Explanation