Waec Economics 2010 Past Questions and Answers

Question 6:

• WAEC 2010

Find the median of the following set of scores 8,9,6,5,10

A. 9
B. 8
C. 6
D. 5

Question 7:

• WAEC 2010

Which of the following causes the demand curve to shift to the right?

A. A reduction in size of population
B. An increase in the income of the buyer
C. The availability of substitutes
D. A decrease in price of goods

Question 8:

• WAEC 2010

Goods for which demands rises as income rises are

A. Complementary goods
B. Inferior goods
C. Normal goods
D. Substitutes

Question 9:

• WAEC 2010

The slope of a supply curve is

A. Horizontal
B. Uniform
C. Positive
D. Vertical

Question 10:

• WAEC 2010

Equilibrium price is the price at which quantity

A. Demand greater than quantity supplied
B. Supplied is greater than quantity demanded
C. Demand is equal to quantity supplied
D. Supplied equals quantity produced