You work in the Economic Planning Department of a consultants, Econ Consult. You have been asked by the Managing Director to work in a small group with 3 other people to write a response to the following enquiry.

Company Name : We need to know
Contact Name : Dr J Jack
Company Address : Room 101, 77 Old Road, Bath, NW29

Can you help me

Given the initial settings, identify the likely effects of a good harvest with the following elasticity conditions;

• 1) PED of coffee a) 0.5 b) 1.2
• 2) CPED tea with coffee c) 0.7 d) 1.7

Your findings need to be presented in two ways, the first will be as a written report with covering letter, second will be as a question and answer session on the content of the report.

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