Orange

Are Oranges Inelastic?

All fruits are own-price elastic with the exception of bananas which are slightly inelastic, but not significantly so. Apples, pears, and bananas are expenditure inelastic while oranges, grapes and other fruits are expenditure elastic. Why is orange juice inelastic? Because all the firms pass on the cost increases, firms do not really lose any sales …

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Were Oranges A Luxury In The Middle Ages?

Oranges, lemons and citrons were traded at least from the 14th century onward. During the Middle Ages they were considered rare, exotic and healthy, if not curative, and were only available to the wealthiest. What was a luxury in the Middle Ages? Demand for luxury goods—rich fabrics, lacquered furniture, tapestries, chimneypieces, silver, porcelain, crystal, paintings, …

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