Waec Model Questions Vol1 2025 Economics Question 49
Practice objective / multiple choice question 49 from the 2025 Waec Model Questions Vol1 Economics examination.
When consumer income rises from ₦50,000 to ₦60,000, the quantity demanded of a normal good increases from 200 units to 260 units. Using the midpoint method, calculate the income elasticity of demand.
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About This Question
This is Waec Model Questions Vol1 2025 Economics Question 49. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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