Shanghai Fruit Company pr

Shanghai Fruit Company pr

Shanghai Fruit Company produces and sells oranges in China. A marketing analystis price of oranges (Yuan/Kg), andis quantity sold (Kg).Estimate the demand function for oranges in China; that is, 0 1 Q = ? + ? P ;Compute price elasticity of demand for oranges at the mean of the data;In order to enhance total revenue from selling oranges, would you recommend aCalculate price elasticity of revenue;What would be the effect of ain price of oranges on total revenue?What would be the effect ofin price of oranges on total revenue?

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