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Llanis Llanis
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6 years ago
If the price of orange juice rises 10%, and as a result the quantity demanded falls by 8%, the price elasticity of demand for orange juice is
A) -1.25.
B) inelastic.
C) Both A and B above.
D) Neither A nor B above.
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Microeconomics

Microeconomics


Edition: 6th
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