WAEC (WASSCE) Economics · Demand, supply and prices
Demand: WAEC Economics Past Questions and Answers
What the WAEC syllabus covers in Demand
Our summary: What decides how much people want to buy, how demand curves behave and how to measure elasticity of demand.
- Concept of demand and law of demand, the demand schedules and curve, reasons for exceptional demand curves
- Types of demand (derived, composite, joint and competitive)
- Factors determining demand for goods and services – price of the commodity, prices of other commodities, income, tastes, price expectation, etc.
- Distinction between a shift of and movement along a demand curve
- Concept of elasticity of demand
- Types of elasticity of demand and their measurement – price, income and cross elasticities of demand
- Importance of the concept of elasticity of demand to consumers, producers and government
Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)).
WAEC (WASSCE) Economics questions on Demand
- WAEC 2024When total revenue increases as price falls, the coefficient of price elasticity of demand is
- WAEC 2024The law of demand will not hold when
- WAEC 2024A commodity with perfectly inelastic demand has the burden of tax borne by
- WAEC 2024Price elasticity of demand is the responsiveness of quantity demanded to a change in
- WAEC 2024If the quantity demanded of rice de- creased from 150 bags to 100 bags, the percentage change in quantity demanded is
- WAEC 2024The negative slope of the demand curve is best explained by
- WAEC 2023A fall in the price of a normal commodity which has elastic demand will result in
- WAEC 2023When more of tax on a product is borne by the buyer than the seller, the commodity involved has
- WAEC 2023The demand for a factor input as a result of the demand for its output is known as
- WAEC 2023If the demand for a commodity remains constant as price increases, the commodity is said to be
- WAEC 2022If demand is perfectly inelastic, a tax imposed
- WAEC 2022Which of the following factors is not a cause of change in demand? Changes in
- WAEC 2021In order to enable the government of a country to increase its tax revenue, it will be advisable for it to increase taxes on …
- WAEC 2021The demand for wood and labour is an example of …
- WAEC 2020Goods are described as inferior if their demand
- WAEC 2019If less of a good is bought as one's income increases, such a good is
- WAEC 2019The demand for coffee and tea is
- WAEC 2019What effect will an increase in the supply of fish have on the meat market
- WAEC 2019If the coefficient of price elasticity of demand of a product is zero, then its demand curve will be
- WAEC 2018a downward sloping demand curve means that?
- WAEC 2018goods whose demand vary directly with money income are called?
- WAEC 2018if the price of commodity X rises and consumers shift to commodity Y, then commodity X and Y are?
- WAEC 2018an exceptional demand curve can result from?
- WAEC 2017The difference between demand and wants is in the
- WAEC 2017if the coefficient of cross elasticity of demand for goods Y and Z is positive, the two goods are?
- WAEC 2017A demand curve parallel to the Y-axis indicates
- WAEC 2017which of the following is an example of derived demand
- WAEC 2016What effect will an increase in price have on the total revenue of a firm whose product has inelastic demand? total revenue will
- WAEC 2016The demand curve for neccessity is usually
- WAEC 2016The demand for torch and batteries is an example of
- WAEC 2015which of the following is not a reason for abnormal demand
- WAEC 2015if the price of a commodity Z falls and a consumer buys less of it, then commodity Z is a
- WAEC 2015Government revenue will increase if taxes are levied on goods with?
- WAEC 2015if a given change in price brings a proportionately larger change in quantity demanded, the
Years with Demand questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015