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EC 340: Public Economics Practice Midterm 3 Page 3 of 7 9. Suppose a public project improved irrigation in a town that produces avocados. As
EC 340: Public Economics Practice Midterm 3 Page 3 of 7 9. Suppose a public project improved irrigation in a town that produces avocados. As a result, supply of avocados increased from $1 to $2, as depicted in the figure below. What will be the estimated direct benefit from this project? ee 100 90 80 98:832 10 5 10 15 20 25 30 35 40 45 50 Quantity A. B = $75 B. B = $187.50 C. B = $250 D. B = $337.50 E. None of the above
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