Types of Supply - 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 2004

If an increase in the price of good X leads to an increase in the supply of good Y, X and Y are said to be

A. Jointly supplied
B. Competitive
C. Composite
D. Jointly demanded

Question 3:

• JAMB 2010

If commodity X is a by-product of commodity Y , this implies that both commodities are

A. In competitive supply
B. In composite supply
C. Jointly supplied
D. In excess supply