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11. The price elasticity of wheat is -0.37, the quantity of wheat demanded in the first quarter of 2021 was 9 million bushels, and the

11. The price elasticity of wheat is -0.37, the quantity of wheat demanded in the first quarter of 2021 was 9 million bushels, and the quantity demanded during the quarter of 2021 was 8.7 million bushels. The average price of wheat in the first quarter of 2022 was $12 per bushelUse the information above and your knowledge of the price elasticity of demand to calculate the forecasted price of wheat for the second quarter of 2022

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