Question 3

(a) Distinguish between wants and demand 
(b) With the aid of diagrams show the effect on demand when (i) there is a reduction in the number of 2200 consumers (ii) prices of substitutes increase
(iii) there is a decrease in 0-16 years the price of the commodity 

Theory

Question details

Exam body
WAEC
Subject
Economics
Year
2006
Question no.
#3
Type
Theory

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