JAMB Economics 2014 Objective — Question 7

Question 7 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.

The diagram shows a shift from D₀D₀ to D₁D₁ (supply curve S fixed). A combination of factors responsible for this shift are

A. consumers taste and change in price
B. consumers income and change in technology
C. price of the commodity and weather conditions
D. consumers income and population sizeCorrect

Explanation

A shift in the demand curve (not a movement along it) is caused by non-price factors such as consumers' income and population size.

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