The price of a California orange is $2.00 and the price of a Florida orange is $1.00.If the price of California oranges goes down by one cent and the quantity demanded of Florida oranges goes up by one thousand,then
A) the cross elasticity is 0.4.
B) these goods are substitutes.
C) the price elasticity of demand for California oranges is 0.4.
D) these goods are complements.

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The Answer of The price of a California orange is $2.00 and the price of a Florida orange is $1.00.If the price of California oranges goes down by one cent and the quantity demanded of Florida oranges goes up by one thousand,then
A) the cross elasticity is 0.4.
B) these goods are substitutes.
C) the price elasticity of demand for California oranges is 0.4.
D) these goods are complements.

The Price of a California Orange Is $2