Y5

Q1. 5 points The price clasticity of demand for fresh cilantro has been estimated to be 2.22. If a new insecticide and fertilizer treatment yields a 20% increase in the nation's fresh cilantro crop, how will that affect total revenue from fresh cilantro, all other things equal? [Hint: Which curve shifts? What happens to price of Cilantro? What happens to revenue?] Explain with the help of market diagram for cilantro to get full credit.Q1. 5 points The price elasticity of demand for fresh cilantro has been estimated to be 2.22. If a new insecticide and fertilizer treatment yields a 20% increase in the nation's fresh cilantro crop, how will that affect total revenue from fresh cilantro, all other things equal? [Hint: Which curve shifts? What happens to price of Cilantro? What happens to revenue?] Explain with the help of market diagram for cilantro to get full credit