All America Grocery Inc- We serve communities in the middle of the income market providing low prices for all basic grocery needs.Our modest income consumers expect goods deals on good quality foods.TheCovid-19 pandemic has putupward pressure on the price of everything we sell. We have also experience rising cost in every aspect of our operation as we have to put extra resources in to protecting both our employees and the public.We are both fortunate and unfortunate that the price elasticity of demand for food is .20.

• Is the demand curve for your product relatively elastic,inelastic or unitary elastic?Demonstrate for your company's product,by how much the quantity demanded will change if you pass on a 10%increase in cost.In other words,show your calculation of the percentage change in the quantitydemanded given a 10%change in your price.You must provide a calculations showing the percentage change in quantity demanded.