JAMB Economics 2012 Objective — Question 8

Question 8 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.

A rise in income will, ceteris paribus, bring about a

A. movement along the demand curve
B. leftward shift of the demand curve
C. rightward shift of the demand curveCorrect
D. no effect on the demand curve

Explanation

Whenever there is an increase in income, other things being equal, there will be an increase in demand which is a rightward shift in the demand curve.

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