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which of the following will not affect the market price of a commodity

Economics
WAEC 2015

which of the following will not affect the market price of a commodity

  • A. increase in demand
  • B. change in taste
  • C. intersection of demand and supply
  • D. increase in supply
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Correct Answer: Option C
Explanation

 6 Factors Affecting Price Determination of...

  • Product Cost
  • The Utility and Demand
  • Extent of Competition in the Market
  • Government and Legal Regulations
  • Pricing Objectives
  • Marketing Methods Used
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now