Meaning And Determinants Of Demand Jamb Economics Past Questions
Question 1
An exceptional demand curve can result from
- A. increase in price of raw materials
- B. increase in the size of the population
- C. expectation of future price increase
- D. change in taste of consumer
Question 2
If the price of commodity X rises and consumers shift to commodity Y, then commodities X and Y are
- A. substitutes
- B. complements
- C. inferior goods
- D. bought together
Question 3
A major determinant of the demand for a luxury good is____________?
- A. the price of other goods
- B. the price of the good
- C. tastes and fashion
- D. the income of consumers
Question 4
The demand curve would shift to the left when there is a rise in
- A. Constant proportions
- B. Constant complement
- C. Income
- D. The supply of the commodity
Question 5
The graph of the schedule above will depict
- A. a kinked demand curve
- B. a normal demand curve
- C. an abnormal demand curve
- D. a diminishing marginal utility curve
