Question: 1 8 ) While the avocado market is in equilibrium if avocado sellers decide to raise their prices by 2 % above the market equilibrium

18) While the avocado market is in equilibrium if avocado sellers decide to raise their prices by 2% above the market equilibrium price, what will happen to the percent change in quantity demanded? a) It will decrease by 5%. b) It will decrease by 10% c) It will decrease 15%. d) It will decrease by 20% e) It will decrease by 25%19) Which of the following would not shift the supply curve for avocado to the right? a. An increase in the number avocado farms b. Good weather for growing avocado c. A reduction in wages for avocado pickers d. An increase in the expected price of avocado in the future e. A technology for growing avocado with less water

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