WAEC (WASSCE) Economics · Demand, supply and prices
Supply: WAEC 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)).
WAEC (WASSCE) Economics questions on Supply
- WAEC 2024If the coefficient of price elasticity of supply of a commodity is 0.8, then supply is
- WAEC 2023The supply of light could be met using a candle, lantern and gas lamp. This is an example of a
- WAEC 2023If the government stops subsidy on cocoa production, the supply curve of cocoa will
- WAEC 2023Petrol and Kerosene are jointly obtained from crude oil. If the supply of petrol increases, the
- WAEC 2022The production of rice and yam on the same farmland is an example of
- WAEC 2022An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are
- WAEC 2021An increase in market supply is caused by the following factors except …
- WAEC 2021Market supply may increase if there is an increase in the …
- WAEC 2021The leftward shift in the supply curve for a commodity indicates …
- WAEC 2021The coefficient of price elasticity of supply of land is usually …
- WAEC 2021The price of soap rose from 10 to 20 causing a trader to increase her supply from 50 to 120 boxes per week. This makes supply …
- WAEC 2021An increase in the rice harvest, all things being equal, may cause …
- WAEC 2020If an increase in the price of crude oil led to an increase in the prices of kerosene and grease, then kerosene and grease are in
- WAEC 2020If an increase in the supply of beef increased the supply of hides, then beef and hides are in
- WAEC 2020An increase in supply means that
- WAEC 2020A seller increased the quantity he offered for sale from 200 units to 250 units when the price of his product increased by 12.5%. What is the price elasticity…
- WAEC 2019Two commodities X and Y are in joint supply when
- WAEC 2019Supply of agricultural products is likely to be elastic in the
- WAEC 2019Which of the following factors is not a condition for a change in the supply of a commodity
- WAEC 2018palm oil and palm kernel are in?
- WAEC 2018the backward bending supply curve of labour indicates?
- WAEC 2018A supply curve parallel to the X- axis indicates?
- WAEC 2017increase in the supply of a product can be caused by?
- WAEC 2017A rightward shift in the supply curve of a commodity is brought about by an increase in?
- WAEC 2017price elasticity of supply can be influenced by the following factors except?
- WAEC 2017Effective supply is the total amount of a commodity
- WAEC 2016How does producers expectation of a price fall affect the supply curve of a product? There will be
- WAEC 2015increase in production subsidies will shift
- WAEC 2015If the price of floor rises, then bread
- WAEC 2015The market supply curve slopes upward from left to right indicating that?
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.
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015