Jamb Economics 1999 Past Questions and Answers

Question 46:

• JAMB 1999

In the table, the income elasticity of clothing is

A. 0.5
B. 2.0
C. 2.5
D. 5.0.l

Question 47:

• JAMB 1999

The graphs illustrate

A. Joint demand
B. Derived demand
C. Composite demand
D. Competitive demand

Question 48:

• JAMB 1999

In the diagram above, the consumer attains equilibrium at point

A. G
B. H
C. J
D. K

Question 49:

• JAMB 1999

Use the diagram above to answer this question. Points E₆ and E₅ are respectively equilibrium points for

A. D_o and S_o D _o and S₂
B. D₁ and S₂; D₂ and S_o
C. D₂ and S₁;D₂ and S₂
D. D₂ and S_oD_o and S₂

Question 50:

• JAMB 1999

Use the diagram above to answer this question. Identity the three Important factors that can make S_o to become either S₁ or S₂

A. Technology, weather and population
B. Technology, price and tastes
C. Weather, price and technology
D. Population, weather and teastes