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

Question 36:

• JAMB 1990

Which of the following graphs represents the price-quantity relationship between tea and lemon, if they are perfect complements? choose the answer from the option above

A. A
B. B
C. C
D. D

Question 37:

• 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 38:

• 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

Question 39:

• 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 40:

• 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