10 The graph below shows the market for pineapples. Market for Pineapples Price (dollars per pound) 2 polnts $4.00 es%k $3.50 B $3.00 References $2.50 $2.00 $1.50 $1.00 $0.50 10 20 30 40 50 60 Quantity (tons) Instructions: Enter your answers as a whole number. a. What are the initial equilibrium price and quantity in the pineapple market? P=$ per pound Q= tons of pineapples Now suppose an increase in tropical cuisine made with pineapples shifts the demand curve for pineapple as shown in the graph below. Market for Pineapples Price (dollars per pound) $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 10 20 30 40 50 60 Quantity (tons) b. Which of the following price and quantity combinations best describes the new equilibrium in the market for pineapples? (O P=%2.00 per pound and Q = 22 tons () P=%250 per pound and Q = 25 tons O P=%$2.00 per pound and Q = 20 tons O P=%225 per pound and Q =22 tons