WAEC (WASSCE) Economics · Demand, supply and prices
Theory of price determination: WAEC Economics Past Questions and Answers
What the WAEC syllabus covers in Theory of price determination
Our summary: How demand and supply meet to set the equilibrium price and quantity, and what price controls do.
- The concept of the market
- Interaction between demand and supply
- Price determination under free and regulated markets
- Equilibrium price and quantity in product and factor markets
- The effects of changes in supply and demand on equilibrium prices and quantities
- Introduction to algebraic determination of equilibrium price and quantity
- Price controls: maximum and minimum price regulations – meaning and their effects; rationing, black market (parallel market)
Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)).
WAEC (WASSCE) Economics questions on Theory of price determination
- WAEC 2024Other things being equal, an increase in the demand for land in the short-run will cause an increase in the
- WAEC 2024Minimum price legislation is used to protect the interests of
- WAEC 2023The fixing of maximum prices by government is mainly on
- WAEC 2023When the demand for a commodity increases while supply remains unchanged, the equilibrium price and quantity will
- WAEC 2021When market supply increases , the equilibrium price …
- WAEC 2021When a commodity market operates without government interference, commodities are distributed through …
- WAEC 2021Government can increase farmers' incomes by …
- WAEC 2021An increase in the rice harvest, all things being equal, may cause …
- WAEC 2020If a beef market is in equilibrium at 4.00 per kg, an increase in price to 6.00 per kg may cause
- WAEC 2019What happens when a minimum price is imposed in a market?
- WAEC 2019What effect will an increase in the supply of fish have on the meat market
- WAEC 2019When the price of a good is above the equilibrium, there will be
- WAEC 2018A market is in equilibrium when?
- WAEC 2018A price floor is usually fixed
- WAEC 2017Another term for equilibrium price is?
- WAEC 2017parallel markets are usually the results of
- WAEC 2016A price floor results in
- WAEC 2015All the following are methods of determing prices except?
- WAEC 2015which of the following will not affect the market price of a commodity
Years with Theory of price determination questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
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