Meaning and determinants of demand - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 2015

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 12:

• JAMB 2014

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 13:

• JAMB 2014

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 14:

• JAMB 1978

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

Question 15:

• JAMB 1978

If the demand of a product with perfectly elastic supply increases, there will be

A. An increase in price and quantity offered
B. An increase in quantity offered but price will remain the same
C. A reduction in price and quantity offered
D. An increase in price but a reduction in quantity offered for sale
E. An increase in quantity offered but a reduction in price