Given the Availability of California Oranges, Demand for Florida Oranges

question 21

Multiple Choice

Given the availability of California oranges, demand for Florida oranges will

• A)be less elastic than if there were no California oranges
• B)be more elastic than if there were no California oranges
• C)have the same elasticity as it would if there were no California oranges
• D)be perfectly elastic
• E)be perfectly inelastic

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Cost Reimbursable Contract

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