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:
What is your top solution for the water crisis?
1. Education/Awareness.
2. New Conservation Technologies.
3. Recycle Wastewater.
4. Improve Irrigation and Agriculture Water Use.
5. Water Pricing.
6. Energy Efficient Desal Plants.
7. Rain Water Harvesting.
8. Community Governance and Partnerships.
Explanation:
Answer:
Sometimes rivers can overflow with rain, and the speed will increase. The heaviness of the water will cause the land to increase the width and length of the river.
<u><em>Hope this helps :) - genius423</em></u>
The answer is B. Decreases