JAMB Economics 2016 Objective — Question 4

Question 4 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2016 Objective paper, with the correct answer and a full explanation.

The main determinant of a change in the quantity of a commodity demanded is the

A. price of the commodity itselfCorrect
B. elasticity of the commodity
C. consumer's rationality
D. government policy

Explanation

The price of the commodity itself is the main determinant of quantity demanded; the other options affect demand generally, not quantity demanded directly.

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