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Economics Jamb Past QuestionsQuestions and Answers on Distinction between change in quantity demanded and change in demandQuestion 26 :When the demand for a good increases owing to an increase in income, it means that A. There is an increase in quantity demanded B. Inflation has taken place C. Demand has exceeded supply D. There is an increase in demand Question 27 :A movement along the same demand curve is caused by the A. Price of the product B. Price of other products C. Income of the consumer D. Taste of the consumer Question 28 :If demand increases without a change in supply, equilibrium price and quantity will A. Remain unchanged B. Shift inward C. Fall D. Rise Question 29 :If the quantity of rice bought decreases from 250 tonnes to 200 tonnes owing to a 2% rise in price, it shows that there is a change in A. Consumers' income B. Demand C. Consumers' tastes D. Quantity damanded Question 30 :A rise in income will, ceteris paribus, bring about A. A movement along the demand curve B. A leftward shift of the demand curve C. A rightward shift of the demand curve D. No effect on the demand curve |
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