Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. OAU
  4. /
  5. Economics
  6. /
  7. 2012/2013
  8. /
  9. Q24
Question 24

Price legislation can be defined as

  • A.How price fluctuates in the market
  • B.How prices are controlled in the market
  • C.How to avoid inflation
  • D.How the government fixes the prices of essential commodities
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2012/2013
Question no.
#24
Type
Objective
Previous · Q23Supply is said to be inelastic when the coefficient of elasticity of supply is Next · Q25 Utility maximization occurs when one of the following conditions is attained

More from this paper

  • Q17Which of the following items is NOT a variable cost?
  • Q18Which of the following is NOT true of a market demand schedule?
  • Q19Cross elasticity of demand can be measured using one of the following formulae.
  • Q20Use the table to answer questions 20 — 22 Price 50 40 30 20 10 Quantity demanded…
  • Q21Use the table to answer questions 20 — 22 Price 50 40 30 20 10 Quantity demanded…
  • Q22Use the table to answer questions 20 — 22 Price 50 40 30 20 10 Quantity demanded…
See all Economics 2012/2013 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