# Mico- Econ-- Help

posted by Angela

Suppose that in a month the price of oranges increases from \$.75 to \$1. At the same time, the quantity of oranges demanded decreases from 100 to 80. The price elasticity of demand for oranges (calculated using the initial value formula) is __________.

0.75

0.6

0.25

20

I have no idea

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