Which of the following will shift the demand curve for Milo to the right?
An increase in consumer's income
A rise in the price of Milo
A tax on cocoa producers
A fall in the quantity demanded of Milo
Fall in the price of Milo
Correct answer is A
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.
Cut costs
Maximize costs
Increase profits
Maximize utility
Manage scarce resources
Correct answer is D
No explanation has been provided for this answer.
N3.00
N4.00
N5.00
N6.00
N8.00
Correct answer is C
No explanation has been provided for this answer.
One way of solving the problem of scarcity that faces the individuals is for
The government to import goods massively so that the citizen can get all they want
Them to work very hard so that they are able to buy all their wants
Them to choose between alternative since they cannot meet all their wants
The government to study people's behaviour in order to know their wants
Them to use their resources as they want
Correct answer is C
No explanation has been provided for this answer.
Exchange control is a weapon used in regulating
Internal trade
Stock exchange
Foreign exchange
Barter trade
Exchange of personal properties
Correct answer is B
No explanation has been provided for this answer.