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c) $2.40 d) $2.60 e) $2.80 45) What is quantity demanded at price Pr at which price elasticity of demand for avocado equals -6/9? a)

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c) $2.40 d) $2.60 e) $2.80 45) What is quantity demanded at price Pr at which price elasticity of demand for avocado equals -6/9? a) 42.2 tons b) 43.2 tons ) 44.2 tons d) 45.2 tons e) 46.2 tons . 46) If price elasticity of supply for avocado at price P* is equal to 5/2, how much is P*? a) $2 b) $3 c) $4 d) $5 e) $6 47) What is quantity supplied at price P* at which price elasticity of supply for avocado equals 5/2? a) 6 tons b) 12 tons c) 18 tons d) 24 tons e) 30 tons 48) What is market clearing equilibrium price and quantity in Brooklyn avocado market? a) $1; 60 tons b) $2; 48 tons c) $3; 36 tons d) $4; 24 tons e) $5; 12 tons 49) What is market consumer surplus at market clearing equilibrium price and quantity in Brooklyn avocado market? a) $2000 b) $4000 c) $6000 d) $9000 e) $12000 50) What is market producer surplus at market clearing equilibrium price and quantity in Brooklyn avocado market? a) $3000 b) $6000 c) $9000 d) $12000 e) $15000 12

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