Question: EDM Analysis Q: Suppose that due to a failure of eradication, the wheat stem sawfly has caused a substantial reduction in Montana wheat supply. The resulting negative shift of the supply curve causes the quantity supplied to go down by 10%. Analyze the changes in price and quantity demanded/supplied in the wheat market, knowing that the following is true: Elasticity of wheat supply ( ) = 1.5 Own-price elasticity of wheat demand ( ) = -2