The Price of Apples at a Local Market Rises from $2.95

question 115

Multiple Choice

The price of apples at a local market rises from $2.95 to $3.05 per kilogram,and as a result the quantity of oranges that households purchase increases from 3950 to 4050 kilograms per week.The cross-price elasticity is

• A)-1.33.
• B)-0.75.
• C)0.75.
• D)1.33.
• E)1.5.

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