Asked by Angela

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) is __________.


0.75

0.6

0.25

20

I have no idea

Answers

Answered by Leo Galleguillos
What is the initial value formula?
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions