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Economics Jamb Past QuestionsQuestions and Answers on Distinction between change in quantity demanded and change in demandQuestion 6 :One of the factors affecting change in demand for a commodity is the _______? A. Supply of the commodity B. Availability of the substitutes C. Price of the commodity D. Technical know-how Question 7 :Which of the following will shift the demand curve for Bournvita to the right A. A rise in price of Bournvita B. An increase in income C. A tax on cocoa producer D. A fall in price of Bournvita Question 8 :A combination of factors responsible for a shift from DoDo to D1D1 are A. Consumers income and change in technology B. Price of the commodity and weather conditions C. Consumers income and population size D. Consumers taste and change in price Question 9 :A change in demand for a normal goods implies that, there is a A. Change in the quantity demanded as price changes B. Shift in the demand curve C. Movement along a given demand curve D. Change in the price elasticity of demand Question 10 :The effect of the demand for product A caused by a change in the price of a product B is called? A. Cross-elasticity of demand B. Elasticity of supply C. Competitive demand D. Composite demand E. Joint demand |
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