Economics 2019 July Knec Past Paper

SECTION* (32 marks) Answer All the questions in this section. 1. List four types of price elasticity of demand. (4 marks) 2. State four factors that may be considered when determining the price of a product (4 marks) 3. List Read More …

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Economics 2018 November Knec Past Paper

  SECTION A Answer ALL the questions in this section. 1. State three reasons that make it difficult to satisfy all human wants. (3 marks) Outline four factors that may lead to an increase in the supply of a commodity Read More …

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Economics 2017 November Knec Past Paper

SECTION A (32 marks) Answer ALL the questions in this section. 1. State two implications of scarcity of resources in a country. (2 marks) 2. State three reasons that may account for the low elasticity of supply for agricultural products. Read More …

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Economics 2017 July Knec Past Paper

SECTION A (32 marks) Answer ALL the questions in this section. 1. State two implications of scarcity of resources in a country. (2 marks) 2. State three reasons that may account for the low elasticity of supply for agricultural products. Read More …

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Economics 2016 November Knec Past Paper

SECTION A (32 marks) Answer ALL the questions in this section. 1. Human wants have certain characteristics. Highlight four such characteristics. (4 marks) 2. Explain four advantages of labour specialization to an organization. (4 marks) 4. Individuals hold money for Read More …

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