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Business, 12.08.2020 06:01 kyrarix

Suppose that in a month the price of oranges increases from $.75 to $1. At the same time, the quantity of oranges demanded decreases from 100 to 80. The price elasticity of demand for oranges (calculated using the initial value formula, also known as the simple elasticity formula) is:A 0.6. B. 0.75. C. 025. D. 20.

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Suppose that in a month the price of oranges increases from $.75 to $1. At the same time, the quanti...
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