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WAEC Agricultural Science 2024 Question 47

Question 47

Basic Agricultural Economics

Which of the following changes would cause the demand curve to shift to the right?

  1. A.A reduction in the size of population.
  2. B.An increase in income of the consumers.
  3. C.Availability of close substitutes
  4. D.A decrease in price of goods
Show the answer and explanation

Answer: B (An increase in income of the consumers.)

Explanation

Higher income lets people buy more at every price.