Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. JAMB
  4. /
  5. Economics
  6. /
  7. 2001
  8. /
  9. Q0
Question 0

If the price elasticity of demand for a good is 0.43, an increase in the price of the good will result in?

  • A.an increase in profit by 43%
  • B.a net gain
  • C.a decrease in profit 43%
  • D.a net loss
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2001
Question no.
#0
Type
Objective
Next · Q0 In a free market economy, the price system allocates resources?

More from this paper

  • Q0At the consumer equilibrium, the slope of the indifference curve is?
  • Q0For a supply curve, an increase in the price of a commodity will result in?
  • Q0A normal good with close substitutes is likely to have its price elasticity of…
  • Q0Economics is regarded as a social science because it?
  • Q0A change in supply is best described as a?
  • Q0When a generalization is made based on observed facts, it is known as?
See all Economics 2001 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy