Past Questions And Answers
The table below presents the price and quantity supplied by a palm oil producer. Use the information in the table to answer the following questions.
| Price ($) | Quantity Supplied (gallons) |
| 6 | 200 |
| 12 | 300 |
| 18 | 400 |
| 20 | 500 |
| 24 | 600 |
(a) If the price of palm oil falls from $20.00 to $18.00, calculate the price elasticity of supply. (4 arks)
(b) Interpret your answer in question 2(a) above. (2 marks)
(c) Study the extract below and answer the following questions. The price of palm oil remains at $6.00 per gallon and an increase in the price of a related product causes an increase in the supply of palm oil:
(i) Give a graphical presentation to illustrate this change. (6 marks)
(ii) Indicate the type of supply for the two products. (2 marks)
(d) State reasons that can cause a change in supply. (6 marks)

Which of the following BEST describes Abraham's reaction to God's promise of a son by Sarah?
- A. Humility
- B. Optimism
- C. Generosity
- D. Faithlessness
Evaluate \(\frac{(3.2)^2 - (4.8)^2}{3.2 + 4.8}\)
- A. -0.08
- B. -1.60
- C. -10.24
- D. -12.80
Which of the following organs is responsible for controlling the body temperature regulation and water balance in mammals?
- A) Kidney
- B) Hypothalamus
- C) Parathyroid
- D) Adrenal
The Epistle of Romans is significant in discussing the contrast between law and grace. Who is the author of the Epistle to the Romans?
- A. James
- B. John
- C. Paul
- D. Peter
The collection of Imam Muslim differs from that of Imam Bukhari in terms of
- A. Interpretation
- B. Authenticity
- C. Repetition
- D. Clasification
General Muhammadu Buhari regime was overthrown by
- A. Gen. Ibrahim Babangida
- B. Buka Suka Dimka
- C. Gen. Sani Abacha
- D. Gen. Olusegun Obasanjo
If in the English alphabet, A = 1, B = 2, C = 3…… and Z = 26,what what will be sum of all the consonants?
- A. 351
- B. 325
- C. 300
- D. 328
If the price of a commodity with elastic demand increases, the revenue accruing to the producer will
- A. double
- B. increase
- C. be constant
- D. decrease
(a)(i) If \(4x < 2 + 3x\) and \(x - 8 < 3x\), what range of values of x satisfies both inequalities? ; (ii) Represent your result in (i) on the number line.
(b) A shop is sending out a bill for an amount less than £100. The accountant interchanges the two digits and so overcharges the customer by 45. Given that the sum of the two digits is 9, find how much the bill should be.
View Discussion (0)WAEC 2006 THEORY

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