Solved

If a Rise in the Price of Oranges from $7

Question 57

Multiple Choice

If a rise in the price of oranges from $7 to $9 a carton increases the quantity of cartons supplied from 4,500 to 5,500 cartons, the

A) demand for oranges is elastic.
B) supply of oranges is inelastic.
C) supply of oranges is elastic.
D) demand for oranges is inelastic.

Related Questions

Q52: When the price of a movie ticket

Q53: The demand for _ is more elastic

Q54: A 10 per cent increase in income

Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The demand curve

Q56: If the price of salt increases and

Q58: Toothpaste and toothbrushes are complements, so the

Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The demand curve

Q60: The greater the substitutability between Northwest timber

Q61: Joan's income has just risen from $940

Q62: Microsoft raises the price of its Office