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JAMB Economics 2005 Question 34

Question 34

Tools of Economic Analysis

Use the table below to answer the question.
Price (₦) | Quantity(kg)
40 | 6
48 | 5
55 | 4
60 | 3
70 | 2
What is the median quantity?

  1. A.5 kg
  2. B.6 kg
  3. C.3 kg
  4. D.4 kg
Show the answer and explanation

Answer: D (4 kg)

Explanation

Arranged in order the quantities are 2, 3, 4, 5, 6; the middle value is 4 kg.