NECO Economics · Demand, supply and prices
Supply: NECO Economics Past Questions and Answers
What the WAEC syllabus covers in Supply
Our summary: What decides how much producers offer for sale, how supply curves behave and how to measure elasticity of supply.
- Concept of supply and law of supply, supply schedules and curve
- Types of supply – composite, complementary and competitive
- Factors determining supply – input prices, technology, prices of other commodities, climatic factors, etc.
- Distinction between the shift of and movement along the supply curve
- Concept and measurement of elasticity of supply and its importance to producers and government
Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)). NECO questions are matched to the WAEC syllabus topic.
NECO Economics questions on Supply
- NECO 2009Which of the following is a determinant of elasticity of supply?
- NECO 2009Price elasticity of supply measures the responsiveness of quantity supplied to
- NECO 2007Which of the following goods are NOT examples of joint supply?
- NECO 2005The recent revolution of Cassava from ordinary food crop to export crop will lead to
- NECO 2004Which of the following factors will NOT affect supply of maize in Nigeria?
- NECO 2003Which of the following is NOT a factor determining supply?
Years with Supply questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2009
- 2007
- 2005
- 2004
- 2003