Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. JAMB
  4. /
  5. Economics
  6. /
  7. 2004
  8. /
  9. Q0
Question 0

In order to increase revenue, the seller of a commodity whose demand is fairly elastic is advised to

  • A.increase price
  • B.reduce output
  • C.reduce price
  • D.retain price
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2004
Question no.
#0
Type
Objective
Previous · Q0A change in demand for a normal good means Next · Q0 In any set of data, median represents the

More from this paper

  • Q0Given that Y = C + I and C = bY where b = 0.8, what is the multiplier?
  • Q0By advertising, a monopolistic competitive firm tries to shift its
  • Q0The role of the Central Bank in the economic development of Nigeria is to
  • Q0At the maximum point of the total product curve of a firm, marginal revenue is
  • Q0The primary function of non-bank financial institutions is to
  • Q0In an open economy, the GNP is measured as
See all Economics 2004 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