Elasticity
Commodity | elasticity of price and intersection | Spending elasticity | ||
oranges | lemons | Tangerines | ||
Oranges | −1.25 | −1.00 | 1.55 | 1.63 |
Lemons | 0.28 | −0.12 | −1.54 | 0.57 |
Tangerines | 0.32 | 1.53 | −3.21 | −0.22 |