2. The below graph shows the current equilibrium in the market for avocados in China and...
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2. The below graph shows the current equilibrium in the market for avocados in China and this market is assumed to be competitive. Now suppose that avocado growers in China experience harsh weather conditions. At the same time, new research shows that people who consume 2-3 avocadoes a week could enjoy longer life expectancy than otherwise, leading to a surge in demand for avocadoes. How do these events impact China's avocado market? P S Po A Qo D Q 2. The below graph shows the current equilibrium in the market for avocados in China and this market is assumed to be competitive. Now suppose that avocado growers in China experience harsh weather conditions. At the same time, new research shows that people who consume 2-3 avocadoes a week could enjoy longer life expectancy than otherwise, leading to a surge in demand for avocadoes. How do these events impact China's avocado market? P S Po A Qo D Q
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