1. Whole Foods decided to cut prices on many products, especially produce, after its acquisition

by Amazon. For example, in its Austin, TX stores, it has cut the price of organic baby kale

from $4 to $3, and the price of organic rotisserie chicken from $10 to $8. Source:

https:

//www.eater.com/2017/8/28/16214528/amazon-whole-foods-price-cuts

a.) What is the percentage change in the price in baby kale? What is the percentage change

in the price of rotisserie chicken?

b.) While quantity data hasn't been reported yet, suppose the sale of baby kale in Austin

Whole Foods stores increase from 1000 units to 1800 units. What is the percentage

change in quantity demanded?

c.) Given your above answers, what is the price elasticity of demand for baby kale? How

would you characterize demand for baby kale?

d.) Similarly, suppose the sale of rotisserie chicken in Austin Whole Foods stores increase

from 200 units to 300 units. What is the percentage change in quantity demanded?

e.) Given your above answers, what is the price elasticity of demand for rotisserie chicken?

How would you characterize demand for rotisserie chicken?