Question on: JAMB Economics - 2019
Which of the following matters may account for changes in demand?
I - changes in consumer preferences
II - changes in real income
III - changes in distribution of incomes
IV - changes in levels of taxation
A
I, II
B
II, III
C
I, III, IV
D
I, II, III, IV
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Correct Option: D
Factors that affect or change shift the demand curve. Consumer preferences (Taste), taxation, income, population, weather conditions, advertisement, price of other commodities are shift.
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