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JAMB Economics 1981 Question 4

Question 4

Theory of Demand

A movement along a given demand curve for a good is caused by a change in

  1. A.consumer income
  2. B.the price of the good
  3. C.taste
  4. D.the prices of other goods
  5. E.population.
Show the answer and explanation

Answer: B (the price of the good)

Explanation

Only a change in the good's own price moves us along the demand curve; the other factors shift the whole curve.