Economics
JAMB 2016
One of the factors affecting change in demand for a commodity is the _______?
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A.
Supply of the commodity
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B.
Availability of the substitutes
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C.
Price of the commodity
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D.
Technical know-how
Correct Answer: Option C
Explanation
- Tastes and Preferences of the Consumers
- Income of the People:
- Changes in Prices of the Related Goods
- Advertisement Expenditure:
- The Number of Consumers in the Market
- Consumers' Expectations with Regard to Future Prices
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