questions. 2.1 Suppose a 20 percent drop in the price of oranges leads to a 24 percent increase in the quantity demanded of oranges and a 12 percent decrease in the quantity demanded of pears. a. What is the price elasticity of demand for oranges? (2 points) b. At the current price level, the demand for oranges is (elastic / inelastic / unit elastic). Explain. (2 points) c. What is the cross-price elasticity of demand between oranges and pears? (2 points) d. Oranges and pears are (inferior goods / complements / normal goods / substitutes). Explain. (2 points)