Welcome to Schoolngr.com

Home   School   News   C B T   Classroom
Saturday, 23 November 2024

RegisterLogin

(a) What is income elasticity of demand? The table below shows the various incomes and ...

(a) What is income elasticity of demand? The table below shows the various incomes and demand for different commodities.
Income (N) Quantity Demanded (kg)
A 20,000 120
B 36,000 96
C 40,000 160
D 44,000 200
E 45,000 240
F 47,000 252



(b) Calculate the income elasticity between
(i) A and B
(ii) C and D
(iii) E and F
(c) What kind of good is between
(i) A and B?
(ii) C and D?



STAY UPDATED
FOLLOW US ON :


AboutContact usBack to Top
...

Disclaimer
All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com


SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy