AP Economics

posted by .

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.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a month to 20 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about …
  2. Economics

    If the price of apples rises from $3.50 a pound to $4.00, and my consumption of apples drops from 30lbs. of apples to 20lbs.; what would be the price elasticity of demand of apples. My figures are all wrong; how would I calculate it.
  3. Economics

    The question is, what is the for Math formula to show rather the demand of apples is Elastic, Inelastic, or Unitary Elastic Thank You Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops …
  4. business

    Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a month to 20 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about …
  5. algebra

    mary went to the store for some fruit. The apples were $1.00 per pound and the oranges were $0.50 per poumd. She spent $5,00 all together and took home a total of 8 pond of fruit. How many ponds of apples and oranges did she buy?
  6. maths

    a grocey man sells 300 apples at Rs 50 per dozen. he sells 200 apples from it at Rs 50 for 10 apples. what will the price per apple for the remaining apples to get an overall profit of 12%
  7. Maths

    In a basket, 3/4 of the fruits are oranges and the rest are apples. After I have away 10 oranges, there are now 1/2 as many oranges as apples. How many apples and oranges are there in the basket?
  8. Math

    During its first week of business, a market sold a total of 108 apples and oranges. The second week, five times the number of apples and three times the number of oranges were sold. A total of 452 apples and oranges were sold during …
  9. math

    There are 568 apples and oranges in a box. There are 40 more apples than oranges. 15 oranges are rotten. How many more apples than fresh oranges are there in the box?
  10. Math please help

    Celeste is making fruit baskets for her service club to take to a local hospital. The directions say to fill the boxes using 5 apples for every 6 oranges. Celeste is filling her baskets with 2 apples for every 3 oranges. Complete the …

More Similar Questions