Dwight believes that a new phone to be sold by ear candy corporation will become the most widely bought and used phone in the global market. dwight enters into a contract to buy 500 shares of ear candy stock, anticipating an increase in its value. if the price of the stock does not rise, dwight can recover

One of the growers is excited by this advancement because now he can sell more crops, which he believes 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 soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.