4) What is quantity supplied at price P* at which price elasticity of supply for avocado equals 2.5? a) 6 tons b) 12 tons c) 18 tons d) 24 tons e) 30 tons 5) What is market clearing equilibrium price and quantity in Brooklyn avocado market? a) $3; 20 tons b) $4; 22 tons c) $5; 24 tons d) $6: 30 tons e) $7; 30 tons 6) What is the price elasticity of demand if the avocado sells for $2 per kg ? a) -0. 2 b ) - 0 . 5 C) - 0. B d) -1.2 e) - 7) If the selling price of avocado is $3.00 per kg, the demand is a) inelastic b) elastic c) unit elastic d) perfectly elastic e) perfectly inelastic