Business, 26.02.2020 00:30 COOLIOMARIS
Suppose that the quantity of orange juice demanded falls from 103,000 quarts per week to 97,000 quarts per week as a result of a 10 percent increase in its price. The price elasticity of demand for orange juice is therefore
Question 3 options:
0.6.
6.0.
1.97.
1.03.
impossible to compute unless we know the before and after prices.
Answers: 3
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Suppose that the quantity of orange juice demanded falls from 103,000 quarts per week to 97,000 quar...
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