Types of demand - Jamb Economics 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 2019

The demand for labour is a________

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

Question 3:

• JAMB 2019

The effects on the demand for product A caused by a change in the price of product B is Called____________

A. Joint demand
B. Cross-elasticity of demand
C. Elasticity of supply
D. Competitive demand

Question 4:

• JAMB 2016

The demand for two or more commodities to satisfy a particular want is _____?

A. Derived
B. Composite
C. Competitive
D. Joint

Question 5:

• JAMB 2016

The overall demand for crude oil for various uses is an example of __________?

A. Derived demand
B. Competitive demand
C. Composite demand
D. Complementary demand