Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. WAEC
  4. /
  5. Economics
  6. /
  7. 2012
  8. /
  9. Q4
Question 4

If a 6% decrease in price results in more than 6% decrease in quantity supplied, supply can be regarded as

  • A.elastic
  • B.unitary elastic
  • C.perfectly inelastic
  • D.perfectly elastic
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2012
Question no.
#4
Type
Objective
Previous · Q3A shift in the demand curve indicates Next · Q5 A condition for consumer utility maximization is

More from this paper

  • Q1Which of the following problems arises where are more than one technically…
  • Q2Visible balance is also known as
  • Q6Which of the following best describes the mode? the
  • Q7Where a commodity takes an insignificant proportion of the consumer's income…
  • Q8A demand schedule shows the quantities of goods that are
  • Q9The demand curve for a commodity is downward sloping because the consumer will…
See all Economics 2012 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