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

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
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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In the diagram, If o, o and pq = QR, Find the value of A. 50o B. 60o…
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