Consider the perfectly competitive spice market. At the equilibrium price, the elasticity of market supply is 1.45 and the elasticity of demand is 0.67. Spice is a normal good. An increase in incomes cause the market PRICE of spices to rise by 4%. What is the percentage change in market QUANTITY? Notes: Enter a number only, do not include the % sign. If it decreases, include a negative sign before your number. For example, if it is a 15.675% decrease, enter -15.68 not -0.15. If quantity decreases include a negative sign.

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