Which of the following will shift the demand curve for Bo...
Which of the following will shift the demand curve for Bournvita to the right
A rise in price of Bournvita
An increase in income
A tax on cocoa producer
A fall in price of Bournvita
Correct answer is B
A shift in demand means that at any price (and at every price), the quantity demanded will be different than it was before. It caused by a change in the number of consumers, a change in the distribution of tastes among consumers, a change in the distribution of income among consumers with different tastes. Price does not affect the shift of a demand curve.
From the given options, B correctly fits into this narrative.
Which of the following is the correct way to calculate total cost? ...
A market condition where profit is maximized when MR = AR = MC = P is known as ...
The monetary control instrument most effectively used by the Central Bank of Nigeria is the ...
The concept of opportunity cost is also referred to as ...
One of the advantages of large scale production is that ...
One reason why small scale businesses are very common in West Africa is that ...
The determination of wages in a labour market depends on the______ ...
The major achievement of the Economic Community of West African States (ECOWAS) is that it has ...