Answer on Economics of Enterprise Question for puva
a) draw the appropriate diagram for this market.
b)calculate the price elasticity of demand for frozen orange juice between the price of RM1.00 and RM1.50 .is the demand elasticity elastic or inelastic.
c) calculate the elasticity of supply for frozen orange juice between price of RM 1.00 and RM1.50. is supply elasticity or inelastic.
d)explain in general what factors would affect the elasticity of demand for and supply of juice.
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