In Question 2 you have drawn 3 demand curves (retail, foodservices and total market).

price in euro

retail

(willingness to buy, in millions)

foodservices (willingness to buy, in millions)

a) What can you say overall about the aggregated elasticity (you do not calculate the elasticity, you identify more elastic/inelastic parts)? (10 marks)

b) What are the differences in elasticity when you compare the retail and the foodservice price elasticities? What does that mean for the managers of BM when they consider price changes?i need 250 words for your wording . dont calculate

urgently please

Demand Curve of Retail: Demand Curve of Retail 12 10 8 PRICES 6 4 2 0 0 10 20 25 30 15 RETAIL Price in Euro price in euro retail (willingness to buy, in millions) foodservices (willingness to buy, in millions) 10 10 0.1 9 13.8 0.4 8 14 1.7 7 14.5 2.2 16 6 3 5 18 5 4 24 10