ExamPlay Dark Logo
Mag-sign In

JAMB - Economics (2012 - No. 5)

A rise in income will, ceteris paribus, bring about
a movement along the demand curve
a leftward shift of the demand curve
a rightward shift of the demand curve
no effect on the demand curve

Paliwanag

All things being equal, a rise in income will lead to a rightward shift in demand. A rightward shift in the demand curve could also be as a result of higher price of a substitute good, lower price of a complement good, etc. 

Mga komento (0)

Mag-login Upang Magkomento
Advertisement
BrainBehindX Inc Logo
©2026; Pinapatakbo ng BrainBehindX Inc