The following shows the monthly demand for oranges in my neighborhood. What is the price elasticity of demand when price changes from $0.50 to $1.00? Price per pound Quantity Demanded $0 50 $0.50 45 $1.00 $1.50 35 $2.00 30 $2.50 25 elect an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b -1/9 -1/4 d -4 40

Which price elasticity of demand values or range of values do we see most frequently in the real world?

If an increase in price of a for bag Results from 90 to 120 an increase in quantity supplied of bag increased from 2400 to 2800 find the elasticity of supply?

The table shows information on the conditions of demand for ordinary gummy bears and their sugar-free version. Regular Gummy Bears Demanded (thousands Price ($ per kg) $2.20 $2.60 $3 $3.40 Sugar-free Gummy Bears Demanded (thousands of kg) 181.00 175.00 157 137.00 of kg) 485.00 379.00 273.00 155.00 As the price of gummy bears rises from $2.60 to $3, what are the price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears? Use the midpoint method and specify answers to one decimal place. Elasticity of demand of sugar-free gummy bears: Elasticity of demand of regular gummy bears: