The formula for calculating price elasticity of demand coefficient is
Percentage change in price/percentage change in quantity demanded
Absolute decline in price/absolute increase in quantity demanded
Percentage change in quantity demanded/percentage change in price
Absolute decline in quantity demanded/absolute increase in price
Change in quantity demanded/decrease in price
Correct answer is C
No explanation has been provided for this answer.
Where is the headquarter of the African Development Bank (ADB) located?
Lome
Adis Ababa
Accra
Lagos
Abidjan
Correct answer is E
No explanation has been provided for this answer.
Goods are said to be in competitive demand when they
Are substitutes
Are complementary to each other
Are jointly demanded
Have equal coefficient of elasticity
Are identical
Correct answer is A
No explanation has been provided for this answer.
Where was oil first discovered in commercial quantities in Nigeria?
Oloibiri
Warri
Elesa Eleme
Onitsha
Port Harcourt
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not an objective of the Indigenisaton policy in Nigeria? To
Make Nigerians dominate their economy
Increase Nigerians participation in the economy
Prevent foreign monopoly of the economy
Eliminate foreign participation in the Nigerian economy
Protect the national interst and security
Correct answer is D
No explanation has been provided for this answer.