Question: d . Following the demand function ( curve ) in ( b . ) , what is the elasticity of demand of organic carrot when
d Following the demand functioncurve in b what is the elasticity of demand of organic carrot when What if
e Now given the supply for organic carrot:
Graph it with the demand curve in b Find the equilibrium quantity and price
f Graph the demand curve like b yet income increases to What is a direction the demand curve shifts in this case? what is the new equilibrium quantity and price
g What happens to the demand for organic carrots when the price of conventional carrots increases?
Are organic and conventional carrots complements or substitutes? How do you know?
h Following d Are organic carrots a normal or an inferior good? How do you know?
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