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Title: Suppose a hurricane decreased the supply of oranges so that the price of oranges rose from $120 a to Post by: Tidy on Jun 21, 2015 Suppose a hurricane decreased the supply of oranges so that the price of oranges rose from $120 a ton to $180 a ton and quantity sold decreased from 800 tons to 240 tons. What is the absolute value of the price elasticity of demand?
A) 0.11 B) 0.37 C) 2.69 D) 9.33 Title: Re: Suppose a hurricane decreased the supply of oranges so that the price of oranges rose from $120 Post by: Chimelo46 on Jul 29, 2015 Content hidden
Title: Re: Suppose a hurricane decreased the supply of oranges so that the price of oranges rose from $120 a to Post by: Chimelo46 on Aug 31, 2015 Glad to help you, and good luck with your course.
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