NECO 2009 Economics · Question 44

Which of these factors causes a change in the quantity demanded of a commodity?

Options

  1. A.Income
  2. B.Population
  3. C.Price of other commodities
  4. D.Price of the commodity concerned
  5. E.Taste and fashion

Answer: D. Price of the commodity concerned

Explanation written with AI and checked against the answer key

Step 1: Analyze the question The question uses the specific phrase "change in the quantity demanded." In economics, this is different from a "change in demand," and examiners love testing this difference.

Step 2: Explain the concept

  • Change in quantity demanded: This is caused ONLY by a change in the price of the commodity itself. It is shown by a movement along the same demand curve (an extension or contraction of demand).
  • Change in demand: This is caused by other factors such as income, population, tastes and fashion, and prices of related goods (substitutes and complements). It is shown by a shift of the whole demand curve (an increase or decrease in demand).

Step 3: Go through the options

  • A. Income: changes demand, so the curve shifts. Not the answer.
  • B. Population: changes demand (more buyers in the market), so the curve shifts. Not the answer.
  • C. Price of other commodities: affects demand through substitutes and complements, so the curve shifts. Not the answer.
  • D. Price of the commodity concerned: if the price of, say, garri rises, people buy less garri. This is a movement along the demand curve, which is a change in quantity demanded. This is correct.
  • E. Taste and fashion: changes demand, so the curve shifts. Not the answer.

Step 4: Answer The correct option is D. Price of the commodity concerned.

Step 5: Exam tip Remember this: "Price moves you along; everything else shifts the curve."

  • Own price changes mean a movement along the curve (quantity demanded changes).
  • Income, taste, population, and other prices mean a shift of the curve (demand changes).

Watch the exact wording in the question: "quantity demanded" points to own price, while "demand" points to the other factors.

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