Economics Past Questions

Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

49 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

49 questions
Question 1 of 9 49 total questions
Question 21
jamb 2013

An increase in the price of a commodity will result in

Aa decrease in the quantity demanded
Ban increase in demand
Can increase in quantity demanded
Da decrease in demand
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Question 22
jamb 2013

An increase in demand without a corresponding change in supply will lead to

Aa decrease in equilirium price and increase in equilibrium quantity
Ban increase in equilibrium price and quantity
Ca decrease in equilibrium price and quantity
Dan increase in equilibrium price and a decrease in equilibrium quantity
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Question 23
jamb 2013

Find the median of the following set of data 35,10,14,38,15,18,22,30 and 28

A10
B38
C35
D22
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Question 24
jamb 2013
An advantage of the range as a measure of dispersion is that it
Acan be used to calculate open-ended distribution
Bmake use of all values of observations in a distribution
Ctakes all values into consideration
Dis useful for further statistical calculation
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Question 25
jamb 2013

Which of the following set of statistical tools is used for further economic analysis?

Athe median and standard deviation
Bthe mean and mode
Cthe mean and standard deviation
Dthe mode and median
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Question 26
jamb 2013

If the standard deviation of a given data is 53, what is the variance?

A2082
B2809
C2808
D2209
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Question 27
jamb 2013

An economy in which both the public and private sectors contribute to economic growth is as

Afeudal economy
Bcapitalist economy
Csocialist economy
Dmixed economy
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Question 28
jamb 2013

The profit of a monopolist can be eliminated where price equals

AAFC
BMC
CAC
DAVC
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Question 29
jamb 2013

If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?

A14
B60
C46
D32
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