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December 22, 2014

Homework Help: AP Economics

Posted by Darius Miller on Sunday, November 9, 2008 at 4:48pm.

The price of apples rises from 1.00 per lb to 1.50 per lb. As a result the qauntity fdemande for oranges rises from 8000 to 9500 per week. Calculate the cross price elasticity for apples and oranges.

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