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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.

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

146 questions
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Question 1 of 6 146 total questions
Question 71
jamb 2003
If there is an increase in demand without a corresponding increase in supply, there will be a
Arise in price
Bshift in demand curve to the left
Cfall in price
Dshift in supply curve to the right
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Question 72
jamb 2003
The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is
Aperfectly inelastic
Bfairly inelastic
Cperfectly elastic
Dfairly elastic
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Question 73
jamb 2003
Utility is the satisfaction derived from?
Ademand
Bproduction
Cdistribution
Dconsumption
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Question 74
jamb 2003
In economic analysis, a statement is said to be normative if it?
Arelates to value judgement
Bis incorrect
Ccan be tested scientifically
Dis contradictory
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Question 75
jamb 2003
For an inferior good, a decreased in real income will lead to?
Aa lower equilibrium price
Ba change in quantity demanded
Can outward shift of the demand curve
Dan inward shift of the demand curve
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Question 76
jamb 2003
When two variables are positively related, the graph of the relationship?
Ais a downward-sloping curve
Bhas a negative intercept
Cis a straight line
Dis an upward-sloping curve
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