Problem
Almonds galore! The quantity of almonds harvested in 2008-2009 was expected to increase by 22 percent, while total receipts of growers was expected to increase by 17 percent.
If the price of almonds changed as a result of a change in the supply of almonds, is the demand for almonds elastic or inelastic? Explain your answer.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.