Sets 2: Demand and Supply 1. The estimated supply function for avocados is Q = 58 + 15p - 20pf, where pf is the price of fertilizer. a. Determine how much the supply curve for avocados shifts if the price of fertilizer rises by $1.10 per kg. b. Illustrate this shift in a diagram. 2. Use supply-and-demand diagrams to illustrate the qualitative effect of the following possible shocks on the world coffee market. a. A new study shows significant health benefits from drinking coffee. b. An important new use for cocoa is discovered. c. A recession causes a decline in per capita income. d. A new coffee plant that allows for much greater output or yield without increasing cost is introduced into the market