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pirex pirex
wrote...
Posts: 634
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) elastic.
C) Both A and B above.
D) Neither A nor B above.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 111 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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LBCeaLBCea
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Top Poster
Posts: 1248
6 years ago
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pirex Author
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6 years ago
Brilliant
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Thanks
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This helped my grade so much Perfect
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