What is the change in quantity of rice demand when the price increases from N1.00 to N5.00?
- 8kg
-
6kg
- 4kg
- 2kg
The correct answer is: B
Explanation
To determine the change in the quantity of rice demanded when the price increases from N1.00 to N5.00, you can refer to the demand curve in the provided graph.
Initial quantity demanded at N1.00: 8 kg
Quantity demanded at N5.00: 2 kg
Change in quantity demanded = 8 kg - 2 kg = 6 kg