The current price of wheat is $1.00 per bushel, and the price elasticity of demand for wheat is known to be 0.50. a bad harvest causes the supply of wheat to decrease and as a result the price of wheat rises by 20%. what will be the percentage change in quantity demanded for wheat and will farm revenues rise or fall?

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision