2.Suppose you have estimated the demand for Honeycrisp apples.

Moving along this demand curve, quantity demanded decreases 21 percent when price increases 7 percent.

a.With information given, the price elasticity of demand elasticity is calculated to be _______.

b.Given the price elasticity calculated in part a, demand is ____________ (elastic, inelastic, unitary elastic) along this portion of the demand curve.

c.For this interval of demand, the percentage change in quantity is _____________ (greater than, less than, equal to) the percentage change in price.

d.Using the price elasticity calculated in part (a), the grocery manager wants to increase the quantity of Honeycrisp apples sold by 30 percent. Compute the percentage change in price needed to achieve this goal.