passwella.
Menu

WAEC Economics 2015 Question 15

Question 15

Price Determination

Which of the following will not affect the market price of a commodity?

  1. A.Increase in demand
  2. B.Change in tastes
  3. C.Intersection of demand and supply
  4. D.Increase in supply.
Show the answer and explanation

Answer: C (Intersection of demand and supply)

Explanation

The intersection only shows where the price is; changes in demand, tastes or supply move it.