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Waec Economics 2009 Past Questions and Answers

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Waec 2009 Economics Past Questions

Question 61:


(a) With the aid of a diagram, explain the effects of fixing a price (i) above the equilibrium price,
(ii) below the equilibrium price [5 marks each]
(b) (i) What is an abnormal demand? [4 marks] (ii) Give two reasons for its occurrence [6 marks]




Question 62:


Explain any five objectives of the Economic Community of West African States (ECOWAS). [20 marks]







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