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JAMB Economics 2009 Question 7

Question 7

Theory of Demand

A movement along the same demand curve is caused by the

  1. A.price of the product
  2. B.price of other products
  3. C.income of the consumer
  4. D.taste of the consumer
Show the answer and explanation

Answer: A (price of the product)

Explanation

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