Question on: JAMB Economics - 2024
Which of the following is NOT a factor that brings about changes in demand?
A
the price of the good or service
B
a change in real income
C
government policy
D
increase in population
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Correct Option: A
The price of a good affects the quantity demanded, not the demand curve itself.
Factors that shift demand include changes in income, government policy, and population.
Therefore, the price of the good or service is not a factor that causes a change in demand.
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