Multiple Choice
A 3 percent rise in the price of orange juice decreases the quantity of orange juice demanded by 9 percent and increases the quantity of apple juice demanded by 15 percent.The price elasticity of demand for orange juice is ________.The cross elasticity of demand for apple juice with respect to the price of orange juice is ________.
A) -3;5
B) 3;5
C) 0.33;0.2
D) -0.33;0.2
E) 0.33;-5
Correct Answer:

Verified
Correct Answer:
Verified
Q136: In the nation of Transporta,the income elasticity
Q137: If a 10 percent increase in price
Q138: The price elasticity of demand for airplane
Q139: Demand is inelastic if<br>A)a small change in
Q140: Long-run supply is<br>A)more elastic than momentary supply
Q142: If the Canucks lower ticket prices and
Q143: If the quantity of carrots demanded increases
Q144: If a rise in price decreases total
Q145: The cross elasticity of demand between any
Q146: A horizontal supply curve<br>A)is impossible except in