Question: please answer 18) While the avocado market is in equilibrium if avocado sellers decide to raise their prices by 2% above the market equilibrium price,

please answer

please answer 18) While the avocado market is in equilibrium if avocado

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% o) 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 o. 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 20) Which of the following would not shift the supply curve for avocado to the left? a) Bad weather for growing avocado b) An increase in wages for avocado pickers 0) A shift in tastes from avocado to tomatoes d) An increase in the cost of the inspection and certification paid by avocado producers e) An increase in the expected price of coffee in the future

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