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.
Here you go my friend . Earth's crust is made up of rock. It is technically the first layer out 4 layers within the earth. The ocean is basically like a blanket above the crust. Our ocean's waters rest on the crust. Doesn't matter how large or how heavy the water is, our crust holds our water.
They may be formed simply by being deep beneath the Earth's surface, subjected to high temperatures and the great pressure of the rock layers above it. ... Some examples of metamorphic rocks are gneiss, slate, marble, schist, and quartzite.
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That point is located near the village of DaYuanCheng in China,
on the continent of <u>Asia</u>.
