JAMB Economics 2021 Objective — Question 5
Question 5 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
5. Market demand schedule is a. Sum of individual demand schedule b. Individual demand schedule c. Market demand plan d. None of the above
- A. Sum of individual demand scheduleCorrect
- B. Individual demand schedule
- C. Market demand plan
- D. None of the above
Explanation
The market demand schedule is derived by adding together (horizontally summing) the individual demand schedules of all buyers in the market.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.