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JAMB Economics 2016 Paper
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© africaexams.com
Question : 38
Total: 49
One of the factors affecting change in demand for a commodity is the _______?
Supply of the commodity
Availability of the substitutes
Price of the commodity
Technical know-how
Validate
Solution:
Tastes and Preferences of the Consumers
Income of the People:
Changes
in Prices of the Related
Goods
Advertisement Expenditure:
The Number of Consumers in the Market
Consumers' Expectations with Regard to Future Prices
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