Utme 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Utme Economics examination. This question covers Economics .

Utme 2019 Economics Objective / Multiple Choice 2 Difficulty

Topic: Economics

Question 26 UTME • 2019 • ECONOMICS • objective

TABLE - 3

                            \begin{array}{|l|c|c|}
\hline
 & \text{Period 1} & \text{Period 2} \\ \hline
\text{Family income} & \mathbb{N}1,000 & \mathbb{N}1,500 \\ \hline
\text{Expenditure on clothing} & \mathbb{N}100 & \mathbb{N}200 \\ \hline
\end{array}

                        

In the table above, the income elasticity of clothing is

Answer Options

A. 0.5

B. 2.5

C. 2.8

Correct Answer D. 2.0

Correct Answer

Correct Option:

2.0

About This Question

This is Utme 2019 Economics Question 26. It is one of the objective questions from the 2019 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2019 Economics Questions More Utme Practice Questions Back to Questions

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