5%

Question 1 of 20

1. Which of the following will increase the demand for a commodity?

WASSCE 2010

Question 1 of 20

Question 2 of 20

2. If sugar is complementary to tea, a rise in the price of sugar will

WASSCE 2011

Question 2 of 20

Question 3 of 20

3. Which of the following would yield the highest revenue for government as a result of tax levy?

WASSCE 2008

Question 3 of 20

Question 4 of 20

4. Since chairs are complementary to tables, a fall in the price of tables will

WASSCE 2010

Question 4 of 20

Question 5 of 20

5. A fall in the demand for a good can be caused by a

SSSCE 1998

Question 5 of 20

Question 6 of 20

6. The demand for a commodity is not influenced by

SSSCE 1994

Question 6 of 20

Question 7 of 20

7. A demand curve which takes the form of a horizontal line parallel to the quantity axis illustrates elasticity which is

WASSCE 2006

Question 7 of 20

Question 8 of 20

8. If the demand for a commodity decreases as income increases it is said to be

WASSCE 2011

Question 8 of 20

Question 9 of 20

9. Goods with positive income elasticity are called

SSSCE 2001

Question 9 of 20

Question 10 of 20

10. In the short-run, an increase in the relative price of a good will

WASSCE 2005

Question 10 of 20

Question 11 of 20

11. A perfectly price elastic demand curve would be

SSSCE 1996

Question 11 of 20

Question 12 of 20

12. If 1% fall in price of a commodity caused the quantity demanded of the commodity to increase by 2% then demand is

SSSCE 1996

Question 12 of 20

Question 13 of 20

13. If demand is elastic, total revenue can be increased if the price is

SSSCE 2002

Question 13 of 20

Question 14 of 20

14. When the coefficient of price elasticity of demand is greater than one, total revenue

WASSCE 2005

Question 14 of 20

Question 15 of 20

15. Consumers response to price changes is indicated by the

WASSCE 2005

Question 15 of 20

Question 16 of 20

16. Torchlight and its battery are always in

SSSCE 1997

Question 16 of 20

Question 17 of 20

17. In economics, effective demand is the

SSSCE 1993

Question 17 of 20

Question 18 of 20

18. Demand for a commodity is not influenced by the

SSSCE 1993

Question 18 of 20

Question 19 of 20

19. Which of the f0llowing has a derived demand?

SSSCE 1995

Question 19 of 20

Question 20 of 20

20. If milk is complementary to tea, a fall in the price of milk will

SSSCE 1997

Question 20 of 20