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October 22, 2014

Homework Help: Managerial Economics

Posted by Margaret on Monday, December 14, 2009 at 6:59pm.

From Table 4-1 in the text, determine by how much the demand for Florida Indian River oranges would change as a result of a 10 percent increase in the price of Florida interior oranges, and vice versa.
Table 4-1:
Type of Orange Florida Indian River Florida Interior
Florida Indian River -3.07 +0.01
Florida Interior +1.16 -3.01

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