If a 12 percent rise in the price of orange juice decreases


If a 12 percent rise in the price of orange juice decreases the quantity of orange juice demanded by 22 percent and increases the quantity of apple juice demanded by 14 percent, calculate the

Q,1 Price elasticity of demand for orange juice.

Q.2 Cross elasticity of demand for apple juice with respect to the price of orange juice.

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Business Law and Ethics: If a 12 percent rise in the price of orange juice decreases
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