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Assume that new robotic technology decreases the costs of producing and harvesting fruit so that the price of fruit decreases by 5%.In order to estimate

Assume that new robotic technology decreases the costs of producing and harvesting fruit so that the price of fruit decreases by 5%.In order to estimate the impact of this price decrease on the quantity of fruit traded in the market, you would need the:

a.Cross-price elasticity.

b.Income elasticity.

c.Elasticity of supply.

d.Elasticity of demand.

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