Is the demand for almonds elastic or inelastic

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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.

Reference no: EM131298601

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