(Solved): plz help thanks in advance  14. Application: Demand elasticity and agriculture The following gr ...

14. Application: Demand elasticity and agriculture The following graph illustrates the market for almonds. It plots the monthly supply of almonds and the monthly demand for almonds. Suppose a stretch of unseasonably good weather occurs, allowing almond growers to produce more almonds per hectare. Show the effect this shock has on the market for almonds by shifting the demand curve, supply curve, or both. Note: Select and drag one or both of the curves to the desired position. Curves will sniap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. A manber of the orewers are concerned about the price decrease initiated by the stretch of favarabie weather conditions, as they believe it will lead to decreased revenue. Using elastiones, res melt be atbe to deternine whether thil grice change will lead to a rise or taif in total revenue in this marknt. Uuno the nuidioint method, the price elaitiety of demand for almondi betwen the pelce livele af 815 and 19 per tan is meaking that between these two pointa, deimand is Thing reucen condule that the grower's claim ia because total revenue will A number of the growers are concerned about the price decrease initiated by the stretch of favorable weather conditions, as they befieve it will lead t decreased revenue, Using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market. Using the midpoint method, the pice elasticity of demand for aimonds between the price levels of \( \$ 15 \) and \( \$ 9 \) per ton is these two points, demand is . Thus, you can conclude that the grower's daim is because total revenue will due to the favorable weather conditions. Confirm your previous conclusion by calculating total fevenue in the aimond market before and after the favorable weather conditions. Enter these values in the following table.