Post Utme Economics Questions
Question 11:
Which of the following is NOT a measure of central tendency?
- A Mean
- B Median
- C Mode
- D Average
- E Standard deviation
Question 12:
Which of the following is NOT a measure of dispersion?
- A Standard deviation
- B Mean deviation
- C Variance
- D Range
- E Mean
Question 13:
A normal good with close substitutes is likely to have its price elasticity of demand
_____
- A Between zero and one
- B Equal to unity
- C Greater than unity
- D Less than unity
- E None of the above
Question 14:
Demand for a factor of production is ____
- A A composite demand
- B A joint demand
- C A derived demand
- D An elasticity of demand
- E Cross elasticity of demand
Question 15:
Given Demand function: Qd = 5P + 10; Supply function: Qs = 7P — 5. If the price is at ₦5, the excess demand is
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