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UI Post-UTME Economics 2023 (Model questions) Question 3

Question 3

Theory of Demand

An increase in the demand curve for orange juice would be illustrated as a ________

  1. A.leftward shift of the demand curve
  2. B.rightward shift of the demand curve
  3. C.movement up along the demand curve
  4. D.movement down along the demand curve
Show the answer and explanation

Answer: B (rightward shift of the demand curve)

Explanation

An increase in demand shifts the whole demand curve to the right.