WAEC - Economics (2024 - No. 9)
If the quantity demanded of rice de- creased from 150 bags to 100 bags, the percentage change in quantity demanded is
30.0 %
33.3 %
50.0%
66.7%
Explanation
% change in quality demanded
\(\frac{QD_o - QD_n}{QD_o}\) x 100%
\(\frac{150 - 100}{150}\) x 100% = 33.3%
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