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economics Practice tests Neco, Jamb, Wascce,SSce, Sat, Gre, Toefel, Gmat Online

Practice economics tests question Below by selecting the right option.

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An important determinant of price elasticity of demand is




the price of other c
B


the ease of substitu
C


government policy
D

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The range of the data 14, 13, 15, 18, 20, 35 and 13 is




22
B


13
C


18
D

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If the marginal utility of good X exceeds that of good Y, this implies that




consuming more of X
B


Y is an inferior goo
C


X will be cheaper th
D

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