Effects Of Shift In The Budget Line And The Indifference Curve - Economics Jamb Past Questions and Answers

Question 1 :

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2 :

• JAMB 2015

The combination of two commodities each yielding the same level of satisfaction to the consumer is

A. Consumer surplus
B. Indifference curve
C. Budget constant
D. Goods of necessity

Question 3 :

• JAMB 2006

A straight line indifference curve indicates that the two products are

A. Normal goods
B. Inferior goods
C. Perfect substitutes
D. Close substitutes

Question 4 :

• JAMB 2012

To move from point M to K, the consumer has to increase the

A. Consumption of X and reduce the consumption of Y
B. Expenditure on Y
C. Expenditure on X
D. Consumption of Y and reduce the consumption of X