Supply PRICE (Dollars perton) QUANTITY (Thousands of tons) A number of the growers are concerned about the price decrease initiated by the stretch of favorable weather conditions, as they believe it will lead to decreased revenue. Using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market. Using the midpoint method, the price elesticity of demand for walnuts between the price levels of $15 and $9 per ton is meaning that between these two points, demand is . Thus, you can conclude that the growers clai Pause total revenue 0.33 Idue to the favorable weather conditions. 0.67 Confirm your prevous conclusion by calculating total revenue in the walnut market before and after the favorable wear tions. Enter these values in the following cable. Before Favorable Weather Conditions . After Favorable Weather Conditions Total Revenue (Millions of Dollars)