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If income rises from N2000 to N4000 and quantity demanded increase from 80 units to 120 ...
Classroom
Economics Classroom
Jamb
Jamb 2008
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If income rises from N2000 to N4000 and quantity demanded increase from 80 units to 120 units, find the income elasticity of demand
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
0.5
B
1.2
C
2.5
D
4.0
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Correct Answer:
Option A
Explanation:
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