One of the factors affecting change in demand for a commodity is the _______?
ECONOMICS
JAMB 2016
One of the factors affecting change in demand for a commodity is the _______?
- A. Supply of the commodity
- B. Availability of the substitutes
- C. Price of the commodity
- D. Technical know-how
Correct Answer: C. Price of the commodity
Explanation
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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