The Weekly Sales in Honolulu Red Oranges Is Given by the Following

question 23

Multiple Choice

The weekly sales in Honolulu Red Oranges is given by the following equation. $q = 1,070 - 24 p$
Calculate the elasticity of demand for a price of $27 per orange. Round your answer to the two decimal places.

• A)-1.54
• B) -1.65
• C) 1.65
• D) 1.43
• E) 1.54

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