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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
7 years ago

Answers

Leo Galleguillos
What is the initial value formula?
7 years ago

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