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.
Dividing total variable cost by quantity of output gives ...
The advantages that accrue to a firm as the size of the firm increases are known as ...
The marketing of agricultural products in Nigeria can be improved by ...
The problem of “how to produce” in any economy is solved by ...