Quantity demanded falls from 500 pounds to 400 pounds., Ask an Expert

Economics

When the price of oranges increases from $1.00 per pound to $1.50 per pound, quantity demanded falls from 500 pounds to 400 pounds. find out the price elasticity of demand. Is the demand for oranges price elastic, inelastic, or unit elastic? describe.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M939921

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