Agriculture marketing

a) Calculate the own price elasticity of rice b) The cross-price elasticity of rice and soybeans c) The cross-price elasticity of rice and com d) The income elasticity of rice 8) Suppose that due to an outbreak of stem rot, the supply of rice decreases by 5%, using EDM analysis and the information below, calculate the effect on the percentage change in price and quantity. (5 pts) Es: 1.3 ED: -2 9) Suppose that due to the increase in available income as a result of the first round of stimulus checks for Covid-19, income on average increased by 8.76%, using EDM analysis and the information below, calculate the effect on the percentage change in price and quantity of streaming services. (5 pts) Es: 1.8 ED: -3.6 10) Suppose that due to an outbreak of sheath spot, the supply of rice decreases by 8%, using EDM analysis and the information below, calculate the effect on the percentage change in price and quantity. (5 pts) Es: 1.3 ED: -2 1 1) Suppose that a celebrity endorsement causes the demand for a product to rise by 7.43%, using EDM analysis and the information below, calculate the effect on the percentage change in price and quantity. (5 pts) Es: 1.11 ED: -4.5 1 2) Suppose that due to a pandemic the demand for toilet paper increased 20% while at the same time toilet paper production decreased 14% due to less available labor, using EDM analysis and the information below, calculate the effect on the percentage change in price and quantity of toilet paper. (5 pts) Es: 2.3 ED: -0.59