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The price of apples at a local market rises from $2.95 to $3.10 per kilo, and as a result the quantity of oranges that households
The price of apples at a local market rises from $2.95 to $3.10 per kilo, and as a result the quantity of oranges that households purchase increases from 3,960 to 4,010 kilos per week. The cross-price elasticity is
The choices are:
a. 1.40
b. -0.25
c. 1.25
d. 0.25
e. -1.25
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