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The coefficient of price elasticity of supply of land is usually____________
An increase in market supply is caused by the following factors except_________
What will be the reaction of consumers in a market if there is a fall in the price of the substitute commodity X?
The demand for wood and labour is an example of______
An increase in the rice harvest, all things being equal, may cause____________
One way of obtaining the median of a given data is to__________
When a commodity market operates without government interference, commodities are distributed through_______
The distinguishing function of an entrepreneur is_______
A consumer with $10 needs a dress, a pair of shoes, a handbag and jewelry costing $20, $10, $7 and $3 respectively. The opportunity cost of buying the pair of shoes Is the________
The study of economics IS Important to every society because it______
By utility we mean________
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of deman is_______
Which of these is not usually the function of a wholesaler?
If Mr. A earns N2.000 a year while Mr. B earns N8000 but Mr. A pays N200 in tax per annum while Mr. B pays N400, such tax is_______
The price mechanism______
A typical corporate form of business organization is owned by ______
Inflation can be curbed by _______
Which of these is not a cause of high population growth in Nigeria?
An economic problem arises when________
If the price of a commodity falls and the quantity purchased does not rise, the commodity can be described as________