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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2002 - Question 34

Economics 2002 JAMB Past Questions - Question 34: The effect of an increase in demand for a commodity accompanied by a decrease in supply will be to

Choose the most appropriate option for the gap .

The effect of an increase in demand for a commodity accompanied by a decrease in supply will be to

A: raise the price of the commodity and affect the quantity in an indeterminate way

B: decrease the equilibrium quantity and affect the price in an intermediate way

C: raise its price as well as the equilibrium quantity

D: lower its price while affecting the equilibrium quantity in an indeterminate way

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ECONOMICS

Economics 2002 JAMB Past Questions - Question 34: The effect of an increase in demand for a commodity accompanied by a decrease in supply will be to

Examkit's JAMB CBT App

Correct Answer

Explanation