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Fernan1999 Fernan1999
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5 years ago
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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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ediblefruitzediblefruitz
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Fernan1999 Author
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5 years ago
You make an excellent tutor!
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Thanks
dearsophia21
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Helped a lot
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