WAEC Economics 2024 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.
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9. If the quantity demanded of rice decreased from 150 bags to 100 bags, the percentage change in quantity demanded is
- A. 30.0%
- B. 33.3%Correct
- C. 50.0%
- D. 66.7%
Explanation
% change in quantity demanded = (QD0 - QDn)/QD0 x 100% = (150-100)/150 x 100% = 33.3%.
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