JAMB Economics 2023 Objective — Question 16

Question 16 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.

The table depicts

A. (A) Consumer's budget
B. (B) demand scheduleCorrect
C. (C) supply schedule
D. (D) producer's budget

Explanation

The table shows quantity demanded falling as price rises (Price #50→Qty 1000; #70→800; #90→600; #110→400), which is a demand schedule.

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.

Create free account

More questions from Economics 2023 Objective More Economics past papers