Question 502022EconomicsWAEC
Which of the following factors is not a cause of change in demand? Changes in
A
taste and fashion
B
income distribution
C
price of the commodity
D
the size of the population
Step-by-Step Explanation
Demand for a commodity is influenced by factors such as consumer preferences, income distribution, and population size, which can shift the demand curve. However, the price of the commodity itself does not cause a change in demand; instead, it leads to a movement along the demand curve, reflecting changes in quantity demanded. Changes in demand are specifically driven by external factors that affect consumers' willingness and ability to purchase goods.