The fishing industries would be the most affected if there was a oil spill
;)
Based on the price elasticity of demand for oranges, and the quantity produced, the impact on the price of oranges as a result of Hurricane Irma would be an increase by 14%.
<h3>What would be the price of the oranges?</h3>
The price elasticity of demand is found as:
= Change in quantity / Change in price
As we have the elasticity measure already, we can find the change in price:
-1.5 = - 21% / Change in price
Change in price x -1.5 = -21%
Change in price = -21% / -1.5
= 14%
The price will increase by 14%.
Find out more on price elasticity of demand at brainly.com/question/5078326.
Answer: 420
Explanation: 53500/12.5= 420, so a total of 420 passes were sold.
