2009 - WAEC Economics Past Questions and Answers - page 2

The type of demand that exist between torchlight and battery is

When the price of a commodity increases and the quantity demanded also increases, this is a case of

If a fall in price of one commodity leads to an increase supply of another commodity, both commodities have

At a co-efficient of price elasticity of supply of 0.5, supply is

In the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?

If an increase in earning leads to more of of a commodity being demanded, the good is said to have

The interaction of supply and demands for labour determines

Government fixing of prices below the equilibrium point is aimed at protecting the

A consumer maximizes his utility in consuming a good 'X' when

The relationship between Marginal Product (MP) and Average Product (AP) is such that they are equal when