Multiple Choice
Given the abundance of California oranges,the 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) be as elastic as it would have been had there been no California oranges.
D) be perfectly elastic.
E) be perfectly inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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