JAMB Economics 2011 Objective — Question 1

Question 1 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

[Table: Price(N) 1-100kg,2-120kg,3-150kg,4-180kg,5-200kg] The graph of the schedule below will depict

A. A. a normal demand curve
B. B. an abnormal demand curveCorrect
C. C. a diminishing marginal utility curve
D. D. a kinked demand curve

Explanation

It will produce an abnormal demand curve because quantity increased as price increased - it will be an upward sloping curve.

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