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An increase in the price of a commodity will result in
An increase in demand without a corresponding change in supply will lead to
Find the median of the following set of data 35,10,14,38,15,18,22,30 and 28
Which of the following set of statistical tools is used for further economic analysis?
If the standard deviation of a given data is 53, what is the variance?
An economy in which both the public and private sectors contribute to economic growth is as
The profit of a monopolist can be eliminated where price equals
If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?
From this diagram, the minimum wage OW will lead to
To move from point M to K, the consumer has to increase the
The consumer is at equilibrium at point
From the above, calculate the price elasticity of demand
If the GDP is N60 billion, what is the difference between the contributions of oil and manufacturing sectors?
The percentage contribution of Agricultural sector is
The reward on machinery and equipment in the process of production is known as
One of the functions of ECOWAS is to
A deficit balance of payments is measured by subtracting the debits from the credits in the
In a village of 50 persons, 10 immigrated, 25 died and 5 emigrated in year. Determine the total population
The Malthusian theory was concerned about the relationship between