ne of the growers is pleased with the price increase caused by the pests because she believes it will lead to increased revenue. Using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market. Using the midpoint method, the price elasticity of demand for cashews between the price levels of $20 and $24 per ton is , meaning that between these two points, demand is . Thus, you can conclude that the grower’s claim is , because total revenue will due to the pestilence.