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Other Fields Homework Help Economics Topic started by: Fernan1999 on Aug 20, 2018



Title: When the price of a pound of oranges is $1.00, 7500 pounds of oranges are demanded. When the price ...
Post by: Fernan1999 on Aug 20, 2018
When the price of a pound of oranges is $1.00, 7500 pounds of oranges are demanded. When the price of a pound of oranges decreases to $0.80, 10,000 pounds of oranges are demanded. In this price range the demand for oranges is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.


Title: When the price of a pound of oranges is $1.00, 7500 pounds of oranges are demanded. When the price ...
Post by: ediblefruitz on Aug 20, 2018
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