JAMB Economics 2012 Objective — Question 14

Question 14 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.

(Using the same diagram as Q13) To move from point M to K, the consumer has to increase

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 XCorrect

Explanation

Moving from point M to point K implies increase in the quantity of Y being consumed which means that there will be decrease in consumption of X.

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