WAEC Past Questions and Answers - Page 3786

18,926.

When price of a commodity is fixed by the law either below or above the equilibrium, the mechanism is known as

A.

Price discrimination

B.

Price control

C.

Perfect market

D.

Equilibrium price

E.

Market structure

Correct answer is B

No explanation has been provided for this answer.

18,927.

A market condition where profit is maximized when MR = AR = MC = P is known as

A.

Monopoly

B.

Oligopoly

C.

Monopsony

D.

Perfect competition

E.

Duopoly

Correct answer is D

No explanation has been provided for this answer.

18,928.

The part labelled I in A represents the

A.

root

B.

radicle

C.

hypocotyl

D.

shoot

E.

stem

Correct answer is C

No explanation has been provided for this answer.

18,929.

Which of the following labelled structures is similar to the locomotory structure in
Euglena?

A.

I

B.

II

C.

III

D.

IV

E.

V

Correct answer is E

No explanation has been provided for this answer.

18,930.

Which of the following labelled structures secretes enzymes which facilitate penetration
of the egg?

A.

I

B.

II

C.

III

D.

IV

E.

V

Correct answer is A

No explanation has been provided for this answer.