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which of the following will shift the demand curve for Milo to the right?

Economics
WAEC 1998

which of the following will shift the demand curve for Milo to the right?

  • A. an increase in consumer's income
  • B. a rise in the price of Milo
  • C. a tax on cocoa producers
  • D. a fall in the quantity demanded of Milo
  • E. fall in the price of Milo
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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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