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The following table illustrates your demand schedule for Oranges at given prices and incomes. Price per Orange ($) Quantity demanded Quantity demanded (Incomc= $10 ,000)

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The following table illustrates your demand schedule for Oranges at given prices and incomes. Price per Orange ($) Quantity demanded Quantity demanded (Incomc= $10 ,000) (Income= $12 ,000) Refer to the above table to answer the following questions. Make sure to provide the complete work to your answers. a)Use the W method to calculate your price elasticity of demand as the price of an orange increases from $2 to $3 at your income of $10,000. Explain the result. b)Use the W method to calculate your price elasticity of demand as the price of an orange increases 'om $4 to $5 at your income of $12,000. Explain the result. c)Use your knowledge of the price elasticity on a linear demand, determine the price and quantity demanded where your total expenditure for orange is the maximum at your income of $1 0,000. d)Use your knowledge of the price elasticity on a linear demand, determine the price and quantity demanded where your total expenditure for orange is the maximum at your income of $12,000. e)CalcuIate your income demand elasticity of demand as your income increases from $10,000 to S 12,000 at the price of an orange of $4. Explain the result. DCalculate your income demand elasticity of demand as your income increases from S 10,000 to $12,000 at the price of an orange of $6. Explain the result

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