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Table 4-1 Type of Orange Florida Indian River Florida Interior Florida Indian River -3.07 +1.56 Florida Interior +1.16 -3.10 California +0.18 +0.09...

4. From table 4-1 in the text, determine by how much the demand for Florida Indian River oranges would change as a result of a ten percent increase in the price of Florida interior oranges, and vice versa.

Table 4-1 Type of Orange Florida Indian River Florida Interior California Florida Indian River -3.07 +1.56 +0.01 Florida Interior +1.16 -3.10 +0.14 California +0.18 +0.09 -2.76
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