WAEC Economics 2014 Objective — Question 42
Question 42 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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A change in the quantity demanded of a commodity is caused only by the
- A. size of the population
- B. income of the consumer
- C. price of the commodityCorrect
- D. taste and fashion
Explanation
A change in quantity demanded is caused only by the change in price of the commodity. This is different from change in demand, which is a shift in demand caused by a change in any other determinant of demand except the price.
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