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  4. Given that the income of Mr dantani increases from 2000naira to 5000naira, as a result...

Given that the income of Mr dantani increases from 2000naira to 5000naira, as a result...

Given that the income of Mr dantani increases from 2000naira to 5000naira, as a result of new minimum wage, and his demand for milk increased from 10 to 20tins. a) calculate the coefficient of his income elasticity demand. b) what is the nature of the elasticity in (a) above. c) what kind of goods is milk to Mr dantani.?
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Asked by daniel on 4th August, 2021
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JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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