Economics
WAEC 1998
which of the following will shift the demand curve for Milo to the right?
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A.
an increase in consumer's income
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B.
a rise in the price of Milo
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C.
a tax on cocoa producers
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D.
a fall in the quantity demanded of Milo
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E.
fall in the price of Milo
Correct Answer: Option A
Explanation
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.
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