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If the price of orange juice rises 8%, and as a result the quantity demanded falls by 10%, the price elasticity of demand for orange
If the price of orange juice rises 8%, and as a result the quantity demanded falls by 10%, the price elasticity of demand for orange juice is
a. | -0.80. | |
b. | inelastic. | |
c. | Both A and B above. | |
d. | Neither A nor B above. |
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