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JAMB Economics 2017 Question 34

Question 34

Theory of Demand

From the above diagram D0D0 is the original demand curve. D1D1 is

Diagram for this question
  1. A.a fall in the demand curve
  2. B.a rise in the demand curve
  3. C.an extension in the demand
  4. D.none of these curves.
Show the answer and explanation

Answer: B (a rise in the demand curve)

Explanation

D1D1 lies to the right of D0D0, so more is demanded at every price: demand has risen.