Categories: Economics NECO

A shift of the demand curve leftward from its original position indicate?

A. an increase in quantity demanded
B. a decrease in quantity demanded
C. an expansion of demand
D. a fall in demand
E. price effect on demand

Correct Answer:

Option D – a fall in demand

Sunday

Share
Published by
Sunday

Recent Posts

BFN 122 Theory Questions: Legal Tender And Its Characteristics

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

4 mins ago

BFN 122 Theory Question: Macroeconomics: Theory of Income and Employment & Its Importance to Nigeria

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

10 mins ago

BFN 112 Theory Question: Concise Notes on Key Economic Concepts

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

17 mins ago

BFN 112 Theory Question: Discussion of the Price Mechanism

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

29 mins ago

BFN 112 Theory Question: Income Elasticity of Demand Question

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

36 mins ago

BFN 112 Theory Question: Demand Elasticity Graphs Solution

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

1 hour ago