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Lauren1 Lauren1
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Posts: 4120
Rep: 12 0
10 years ago
Using the average price and average quantity, what is the elasticity of demand for oranges when the price of oranges changes from $200 to $160 per bushel and so the quantity demanded changes from 1000 to 1400 bushels?
A) 1.5
B) 0.1
C) 10.0
D) 0.67
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MrDerecheMrDereche
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#1
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10 years ago
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Lauren1 Author
wrote...
#2
10 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
10 years ago
You're welcome!
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