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GCE Economics 1990 Question 6

Question 6

Theory of Demand

All the following factors will cause a change in demand except

  1. A.the consumer's income
  2. B.the consumer's taste
  3. C.a change in population size
  4. D.a change in weather condition
  5. E.the price of the commodity.
Show the answer and explanation

Answer: E (the price of the commodity.)

Explanation

A change in the good's own price moves us along the demand curve (change in quantity demanded), not a shift in demand.