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Friday, 01 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1551:
if the weight of five puppies in kilograms are 3.5, 3.0, 4.2, 5.0 and 4.3, then mean weight of the puppies is?
  • A 3.5 kg
  • B 4.0 kg
  • C 4.2 kg
  • D 5.0 kg
View Answer & Explanation
Question 1552:
if the coefficient of cross elasticity of demand for goods Y and Z is positive, the two goods are?
  • A Complements
  • B Substitutes
  • C Luxurious
  • D Inferior
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Question 1553:
the difference between demand and wants is in the
  • A Desire for the commodity
  • B Significance of the commodity
  • C Ability to pay for the commodity
  • D Economic value of the commodity
View Answer & Explanation
Question 1554:
A demand curve parallel to the Y-axis indicates
  • A Fairly elastic demand
  • B Perfectly elastic demand
  • C Perfectly inelastic
  • D Fairly inelastic demand
View Answer & Explanation
Question 1555:
which of the following is an example of derived demand
  • A Textbook
  • B Labour
  • C Staple food
  • D Mobile phone
View Answer & Explanation