you will evaluate the impact of a change in market conditions, suggest possible explanation(s) for such an observed change and you will calculate the appropriate relevant elasticity.

From the last discussion, we learned that the market equilibrium price and quantity are $1.65 and 6,429 cups, respectively.

27 Rivals in the local Yogurt Market Generate The Market Supply $0.00 $1.00 $1.30 $1.40 $1.50 $1.65 $1.85 $2.00 $2.25 $2.50 7 Market Supply - 740 ' 2,160 ' 4,116 ' 5,700 ' 6,429 ' 7,679 ' 7,920 ' 8,060 ' 8,140 Market Demand - 7,777 7,195 6,829 6,579 6,429 6,279 6,029 5,679 5,179