Question 1

The demand function for a commodity is given as Qd = 21 - 3p.
(a) Use the demand function to complete the table below. [6 marks]

Price $ 0 1 3 4 5 6
Quantity demanded (Kg)            

(b) Draw the demand curve for the completed schedule in 1(a) (Use of graph sheet is essential) [8 marks] 
(c) Outline any three factors affecting demand [6 marks] 

Theory

Question details

Exam body
WAEC
Subject
Economics
Year
2008
Question no.
#1
Type
Theory

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