The figure above shows change in demand for commodity x which is a normal good. Use it to answer the questions that follows
Which of the following caused the change in demand from D0 D0 to D2 D2?
Which of the following caused the change in demand from D0 D0 to D2 D2?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option B
Explanation:
A change in the demand from D0 D0 to D2 D2 is caused by the rise in the price of substitute, for example, if the price of milo increases, consumer will buy more of bournvita which will make the demand for bournvita to increase.
A change in the demand from D0 D0 to D2 D2 is caused by the rise in the price of substitute, for example, if the price of milo increases, consumer will buy more of bournvita which will make the demand for bournvita to increase.