Types Of Demand Jamb Economics Past Questions
Question 1
In the long run, all production factors are____________
- A. variable
- B. fixed
- C. semi-variable
- D. semi-fixed
Question 2
A demand which gives rise to the reverse of the law of demand is__________
- A. Derived demand
- B. Joint demand
- C. Abnormal demand
- D. Composite demand
Question 3
If two commodities are unrelated, a change in the price of one will____________
- A. have effect on the quantity demanded of the other
- B. have no effect on the quantity demanded of the other
- C. increase the quantity demanded on the other
- D. decrease the quantity demanded on the other
Question 4
From the diagram above, a shift in the demand curve from \(D_0 to D_1\) implies
- A. a rise in the demand for the commodity
- B. a fluctuation in the demand for the commodity
- C. a fall in the demand for the commodity
- D. an equilibrrium in the demand for the commodity
Question 5
A movement along a given demand curve for a good is caused by a change in
- A. A consumer income
- B. The price of the good
- C. Taste
- D. The prices of other goods
- E. Population
