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The figure above shows the change in demand for Commodity X which is a normal...

Economics
WAEC 2020

The figure above shows the change in demand for Commodity X which is a normal good. Use it to answer the question that follows.

Which of the following caused the change in demand from D\(_{1}\) D\(_{1}\) to D\(_{2}\)D\(_{2}\)

  • A. Fall in the income of consumers
  • B. Rise in the price of a substitute
  • C. Rise in the price of a complement
  • D. Fall in the supply of commodity X
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Correct Answer: Option B
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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