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JAMB Economics 2014 Question 7

Question 7

Theory of Demand

Use the graph below to answer the question.
A combination of factors responsible for a shift from D0D0 to D1D1 are

Diagram for this question
  1. A.consumers income and population size.
  2. B.consumers taste and change in price.
  3. C.consumers income and change in technology.
  4. D.price of the commodity and weather conditions.
Show the answer and explanation

Answer: A (consumers income and population size.)

Explanation

The demand curve shifts right because of a change in a condition of demand, such as higher income or a larger population. Price changes and technology do not shift demand.