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Friday, 27 February 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 1:
If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?
  • A 14
  • B 60
  • C 46
  • D 32
View Answer & Explanation
Question 2:
If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?
  • A 14
  • B 60
  • C 46
  • D 32
View Answer & Explanation
Question 3:
The profit of a monopolist can be eliminated where price equals
  • A AFC
  • B MC
  • C AC
  • D AVC
View Answer & Explanation
Question 4:
An economy in which both the public and private sectors contribute to economic growth is as
  • A Feudal economy
  • B Capitalist economy
  • C Socialist economy
  • D Mixed economy
View Answer & Explanation
Question 5:
If the standard deviation of a given data is 53, what is the variance?
  • A 2082
  • B 2809
  • C 2808
  • D 2209
View Answer & Explanation