ECONOMICS

JAMB 2008 - Question 9

Economics 2008 JAMB Past Questions - Question 9: If income rises from #2 000 to #4 000 and quantity, demanded increases from 80 units to 120 units, find the income elasticity of demand.

Choose the correct answers from the options given.
If income rises from #2 000 to #4 000 and quantity, demanded increases from 80 units to 120 units, find the income elasticity of demand.
A:
B:
C:
D:
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Correct Answer

A

Explanation