Solved: The price of apples at a local market rises from 295 to 305, Microeconomics

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The price of apples at a local market rises from 295 to 305

Question - The price of apples at a local market rises from $2.95 to $3.05 per kilogram, and as a result the quantity of oranges that households purchase increases from 3950 to 4050 kilograms per week. The cross - price elasticity is.

A -1.33

B 1.5

C 1.33

D 0.75

E -0.75

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Microeconomics: The price of apples at a local market rises from 295 to 305

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Microeconomics: The price of apples at a local market rises from 295 to 305

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