Question: please answer For Questions 1-17 refer to below statement and demand and supply functions. Suppose that demand and supply curves for avocado in Brooklyn are

please answer

please answer For Questions 1-17 refer to below statement and demand and

For Questions 1-17 refer to below statement and demand and supply functions. Suppose that demand and supply curves for avocado in Brooklyn are as the followings: Qa = 144 - 24P Q = -36+ 12P 9) If the selling price of avocado is $5.75 per kg, the demand is a) inelastic b) elastic c) unit elastic d) perfectly elastic e) perfectly inelastic 10) If the selling price of avocado is $5.9999 per kg, the demand is a) inelastic b) elastic c) unit elastic d) perfectly elastic e) perfectly inelastic 1 1) What is the price elasticity of supply if the avocado sells for $3.25 per kg? a) 0.3 b ) 13 c) 1.3 d) 2.3 e ) 3 12) If the selling price of avocado is $6.00 per kg, the supply is a) inelastic b) elastic c) unit elastic d) perfectly elastic e) perfectly inelastic 13) What is the price elasticity of supply if the avocado sells for $9 per kg? a) 0.5 b) 15 c) 1.5 d) 2.5 e) 3

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