In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Florida. The U. S. Department of Agriculture predicted that the quantity of oranges produced would be 21% lower than the previous year. If the price elasticity of demand for oranges is -1.5, what impact would Hurricane Irma have on the price of oranges?
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In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Flo...
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