Distinction Between Change In Quantity Demanded And Change In Demand - Economics Jamb Past Questions and Answers

Question 16 :

• JAMB 1982

If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?

A. An income elastic good
B. A normal good
C. An inferior good
D. Demand elastic
E. Supply elastic

Question 17 :

• JAMB 1984

Demand for a commodity by a consumer is the quantity of that commodity that the consumer

A. Demands at a given price at a point in time
B. Demand at a given price
C. Actually digests
D. Produces, given its price
E. Can store away during bnad weather

Question 18 :

• JAMB 1986

Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?

A. Induce greater demand for beef
B. Induce greater demand for fish
C. Induce lower demand for fish
D. Equate demands for beef and fish

Question 19 :

• JAMB 1987

A shift in the demand curve for commodity when the supply curve is vertical will lead to a change in the?

A. Price only
B. Quantity only
C. Quality only
D. Price and quantity

Question 20 :

• JAMB 1993

From the diagram above, a shift in the demand curve from D_oD_o to D₁D₁ 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