david838843
david838843
26.02.2020 • 
Business

Suppose that the quantity of orange juice demanded falls from 103,000 quarts per week to 97,000 quarts per week as a result of a 10 percent increase in its price. The price elasticity of demand for orange juice is therefore

Question 3 options:

0.6.

6.0.

1.97.

1.03.

impossible to compute unless we know the before and after prices.

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