D. Local Tomatoes The market for local heirloom tomatoes in Avonlea, PEI is perfectly competitive with the following daily demand and supply relationships: QD=12O3P Q5=3P+4RED. QD/QS are measured in bushels; P is measured in dollarsfbushel; and R is this year's rainfall measured in inches. 16. Give a quantitative, one sentence interpretation of the R coefcient in the supply equation. What exactly is it saying? 17. Solve for the reduced form price equation. P 18. Show your work for #17. 19. Explain why there is a \" H \" after the P in #17. 20. Give a quantitative, one sentence interpretation of the R coefcient in the reduced form price equation. What exactly is it saying? 21. Solve for the reduced form quantity equation. Q" = 22. Assume the Avonlea tomato market relationships will be the same next year as they are this year. Rainfall this year was 13 inches and is forecasted to be 10 inches next year. What will be the forecasted change in equilibrium tomato price and quantity AP-'Z A