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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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The major determinant of cross elasticity of demand is the




degree of necessity
B


 level of income of
C


closeness of the sub
D

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A commodity is described as inferior when the




income effect is pos
B


substitution-effect
C


substitution effect
D

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If P = 1/2 (Qs + 15), what is the quantity supplied at N9.00?




3.0
B


12.0
C


33.0
D

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