Solved: Change in demand and cross price elasticity, Microeconomics

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Change in demand and cross price elasticity

Please assist with the given finance problems.

Type of Orange Florida Indian Florida Interior California
River

Florida Indian River -3.07 +1.56 +0.01
Florida Interior +1.16 -3.01 +0.14
California +0.18 +0.09 -2.76

Determine by how much the demand for Florida Indian River oranges would change as a result of a 10 percent increase in the price of Florida interior oranges, and vice versa.

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Microeconomics: Change in demand and cross price elasticity

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