WAEC - Economics (1988 - No. 11)

Which of these factors does not cause a change in demand?
Income
Taste and fashion
Population
Price of other commodities
Price of the commodity concerned

Explanation

A change in demand means a change in consumers' desire to purchase a particular good or service, irrespective of a change in its price. 

The following are the factors affecting a change in demand

  • The Consumer's Income.
  • The Price of Related Goods.
  • The Tastes and Preferences of Consumers.
  • The Consumer's Expectations.
  • The Number of Consumers in the Market.

From the above explanation, the price of the commodity does not affect the willingness of the consumer to purchase the commodity, hence option E is the correct option.

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