Search SchoolNGR

Sunday, 05 April 2026
Register . Login

Economics Past Questions and Answers

Jamb Economics Questions

Question 16:
A commodity will be demanded only if
  • A Consumers income increases
  • B It has no close substitutes
  • C The price is low
  • D It has utility
View Answer & Explanation
Question 17:
Derived demand is normally used with reference to
  • A Superior goods
  • B Inferior goods
  • C The cost of production
  • D The factors of production
View Answer & Explanation
Question 18:
A straight line indifference curve indicates that the two products are
  • A Normal goods
  • B Inferior goods
  • C Perfect substitutes
  • D Close substitutes
View Answer & Explanation
Question 19:
Given that demand and price remain unchanged an outward shift of the supply curve will lead to
  • A Hoarding
  • B Excess supply
  • C Excess demand
  • D A blank market
View Answer & Explanation
Question 20:
A distribution is said to be positively skewed if it
  • A Has a long tail to the left
  • B Has a long tail to the right
  • C Is bimodal
  • D Is bell-shaped
View Answer & Explanation