Demand schedules and curves - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 1992

The demand curve for a normal good will shift to the left if?

A. The incomes of consumers rise
B. The price of the goods rises
C. The price of complementary goods rises
D. Advertising expenditure on complementary goods increase

Question 17:

• JAMB 1995

The effect of changes in the condition of demand on a demand schedule with the price constant is?

A. A movement along the demand curve
B. Deflation of the demand curve
C. Hyperbola formation by the demand curve
D. Shift of the demand curve

Question 18:

• JAMB 1997

If a demand curve that intersects a perfectly inelastic supply curve shifts rightward, then?

A. The equilibrium price and quantity will increase
B. Only the price will increase
C. Only the quantity will increase
D. The price will remain constant

Question 19:

• JAMB 2001

In a demand curve, the relationship between price and quantity is?

A. Indeterminate
B. Direct
C. Nil
D. Inverse

Question 20:

• JAMB 2002

One of the reason for an exceptional demand curve is the?

A. Expectation of a future change in price
B. Availability of credit facilities
C. Change in the price of the commodity
D. Availability of substitutes