WAEC - Economics (1998 - No. 5)
which of the following will shift the demand curve for Milo to the right?
an increase in consumer's income
a rise in the price of Milo
a tax on cocoa producers
a fall in the quantity demanded of Milo
fall in the price of Milo
Εξήγηση
Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.