Show the effect this shock has on the market for appies by shifting the demand curve, supply curve, or burli. Note: Select and ding one or both of the curves to the desired position, Curves will snap into position, so if you try to move a curve and it argh bard to its original position, just drag it a little farther Supply PRICE !Dollars per bustal QUANTITY (Mean of bushchiG 18 24 QUANTITY (Millions of bushels) One of the growers is excited by the price increase caused by the blight because he believes it will increase revenue in this market, As an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. Using the midpoint method, the price elasticity of demand for apples between the prices of $15 and $18 per bushel is 1.22 7 . which means demand is elastic . between these two points. Therefore, you would tell the grower that his claim is correct # , because total revenue will increase " as a result of the blight. Confirm your previous conclusion by calculating total revenue in the apple market before and after the blight. Enter these values in the following table. Before Blight After Blight Total Revenue ( Millions of Dollars) Grade It Now Save & Continue Continue without saving