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Part 2: Rank the demand of the four fruits below by their price elasticities of demand from most elastic to least elastic. Form most to

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Part 2: Rank the demand of the four fruits below by their price elasticities of demand from most elastic to least elastic. Form most to least elastic: $350 L- $3.50 -..- Banana Price of an Apple 52 50 $2.50 $2.00 $2.00 $1 50 $150 ... $100 $1.00 Demand SO.SO $0.SO Demand 20 40 60 80 100 120 140 20 80 100 120 140 Quantity of Apples Quantity of Bananas $350 . $3.50 .... Price of an Orange 53.00 $3.00 Price of $2.50 $2.50 $2.00 $2.00 $1 50 $150 $1.00 $1.00 50.SO -4.- Demand $0.50 Demand 20 40 60 80 100 120 140 20 40 60 80 100 120 140 Quantity of Oranges Quantity of Grapefruits

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