Top Posters
Since Sunday
r
5
m
5
h
5
r
5
t
5
B
5
P
5
s
5
m
5
c
5
c
4
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Alek Hsiang Alek Hsiang
wrote...
Go to Answer
Posts: 383
Rep: 1 0
5 years ago

The own-price elasticity of demand for oranges at the farm level is -0.3. Suppose that an unexpected freeze occurs resulting in a 6% drop in orange production. Orange prices will



• Fall by 20%.

• Rise by 6%.

• Rise by 20%.

• Can't tell; insufficient information
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
Read 106 times
1 Reply
Replies
Answer verified by a subject expert
shawntageshawntage
wrote...
#1
Posts: 392
Rep: 63 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Alek Hsiang Author
wrote...

5 years ago
Just got PERFECT on my quiz
54321abs
wrote...

Yesterday
Smart ... Thanks!
lipop
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  933 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 14919
  
 640
  
 629
Your Opinion
Where do you get your textbooks?
Votes: 422
Previous poll results: Which country would you like to visit for its food?