Question 0Question image

If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is

  • A.an income elastic good
  • B.a normal good
  • C.an inferior good
  • D.demand elastic
  • E.supply elastic
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1982
Question no.
#0
Type
Objective

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