E 1 is demand elasticity for Minutemaid orange juice, E 2 is demand elasticity f

Question

E1 is demand elasticity for Minutemaid orange juice, E2 is demand elasticity for all orange juice, and E3 is demand elasticity for all fruit drinks.  Then |E1| > |E2| > |E3| |E2| > |E3| > |E1| |E3| > |E1| > |E2| |E3| > |E2| > |E1| E1 is demand elasticity for Minutemaid orange juice, E2 is demand elasticity for all orange juice, and E3 is demand elasticity for all fruit drinks.  Then |E1| > |E2| > |E3| |E2| > |E3| > |E1| |E3| > |E1| > |E2| |E3| > |E2| > |E1| |E1| > |E2| > |E3| |E2| > |E3| > |E1| |E3| > |E1| > |E2| |E3| > |E2| > |E1|

Explanation / Answer

E1>E2>E3

since rise in price of minutemaid orange juice , will lead to its fall in demand

people have other options available which are huge and much more

while in case of orange other alternatives are less

while least alternatives are available for fruit drinks as a result rise in price of fruit drinks and less effect on demand as a result least elasticity of fruit drinks

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