makaylahendrix7186 makaylahendrix7186

20-04-2022
Business

contestada

f the price of orange juice rises 10%, and as a result the quantity demanded falls by 8%, the price elasticity of demand for orange juice is

Respuesta :

abiolataiwo2015 abiolataiwo2015

02-05-2022

If the quantity demanded falls by 8%, the price elasticity of demand for orange juice is inelastic.

Price elasticity of demand

Using this formula

Price Elasticity of demand = Percentage change in demand/percentage change in price

Let plug in in the formula

Price Elasticity of demand=-0.08/0.10

Price Elasticity of demand=-0.8 (inelastic)

Therefore if the quantity demanded falls by 8%, the price elasticity of demand for orange juice is inelastic.

Learn more about Price elasticity of demand here:https://brainly.com/question/5078326

#SPJ1

Answer Link

Otras preguntas

________ is the ability to evaluate viewpoints, facts, and behaviors objectively in order to assess the presentation of information or methods of argumentation

You may not drive with more than ______ people in the front seat if it blocks your view or interferes with the control of your vehicle. A) Two B) Three C) Four

This dataset contains information on credit card customers, such as the customer's average credit limit, number of credit cards, number of physical visits to th

Undigested food leaves the body through the... A) Anus B) Mouth C) Nostrils D) Urethra

A number is multiplied by 8, and that product is added to 4. The sum is equal to the product of 2 and 26. Find the number. A) 3 B) 2 C) 6 D) 8

__________is that system in which the US Constitution allocates specific powers to each branch of government to keep the respective branches from dominating one

Solve for h. 4h-8=8 h = Submit

Two friends, kelly and beth, are growing out their hair. they plan to cut it off at a certain point and donate it to a charity that makes wigs for people with c

Write a program to input the side of a cube.Print the volume and the total surface area.[Hint:Volume of cube =Length^3 and Total Surface area=6*Length ^2)

Ai is planning to run the 306 km coast to coast path, from st bees to robin hood's bay. her average running speed is 5.2 mph. mai wants to run for 5 hours every