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Mumz [18]
2 years ago
6

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

nge juice is
Business
1 answer:
shusha [124]2 years ago
4 0

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

<h3>Price elasticity of demand</h3>

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:brainly.com/question/5078326

#SPJ1

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Market anomaly refers to _______.A. an exogenous shock to the market that is sharp but not persistentB. a price or volume event
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the correct answer is C. A trading or pricing structure that interferes with efficient buying and selling of securities.

Explanation:

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4 years ago
Apex Corp. asks its consumers to determine how they perceive the similarities and dissimilarities among relevant product attribu
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Answer: (C) Perceptual mapping

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6 0
4 years ago
Matt and Joel are equal partners in the MJ Partnership. For the current year ended December​ 31, the partnership has book income
Blababa [14]

Answer:

$86,000

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8 0
3 years ago
"XYZ Corporation announces a 10% stock dividend, followed by a 5% "spin off" of a subsidiary business. A customer who owns 200 s
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Explanation:

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3 0
3 years ago
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Gnom [1K]

Answer:

40%

Explanation:

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= 40%

5 0
3 years ago
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