Price (N) Quantity demanded (kg) 12 200 8 240 From the demand schedule, what is the percentage change in in quantity demanded?

Assessment: WAEC SSCE - Agricultural Science - 2018 (Objective) Subject: Agricultural Science

Question 1 Report

Price
(N)		 Quantity demanded
(kg)
12 200
8 240

From the demand schedule, what is the percentage change in in quantity demanded?

Answer Details
The percentage change in quantity demanded is 20.00%. Percentage change can be calculated using the formula: ((new value - old value) / old value) x 100 In this case, the old quantity demanded is 200 kg and the new quantity demanded is 240 kg. Using the formula, we can calculate the percentage change as follows: ((240 - 200) / 200) x 100 = 40 / 2 = 20.00% Therefore, the percentage change in quantity demanded is 20.00%. This means that the quantity demanded has increased by 20.00% from the old quantity demanded of 200 kg.
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