WAEC Economics 2012 Objective — Question 3
Question 3 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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A shift in the demand curve indicates
- A. exceptional demand
- B. change in demandCorrect
- C. change in quantity demanded
- D. elasticity of demand
Explanation
Change in demand is an inward or outward shift in the demand curve. It can be caused by a change in any determinants of demand aside price. It is different from a change in quantity demanded, which is a movement along a demand curve.
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