Economics Past Questions and Answers

The most common form of business enterprise in West Africa is the

in order to boost agriculture, West African countries should pay more attention to

Gross National Product (GNP) less depreciation is known as

West African economy can best be described as

Given the demand function for commodity X Qd = 12 - 2P where Qd is the quantity demanded and P the price of the commodity.

P	6	5	4	3	2	1	0
Qd

Use the demand function to complete the table
(b) Draw the individual's demand curve (use of graph paper is essential
(c) What is the maximum quantity the individual can buy of commodity X per unit of time?
(d) What is the relationship between quantity demanded and price in the function Qd = f(P)?