supple curve caused (11) Suppose the estimated supply function for avocados is given by Qs = 58 + 15p - 20p, , where p, is the price fertilizer. The estimated demand for avocados is given by Q. = 144 - 40p + 20p, , where p, is the price of matoes per pound. (3) Solve for the initial equilibrium price and quantity of avocados if the price of fertilizer, pr, is equal to $0.40 per lb. and price of tomatoes, Pr, is equal to $0.80 per 1b. (3) Solve for the new equilibrium price and quantity of avocados if the price of fertilizer, Pr, increases to $1.10 per lb. and price of tomatoes, Pi, remains $0.80 per Ib. (3) Use these equilibrium values from parts a. and b. to solve for the price elasticity of demand for avocados. (2) Given your calculations, are avocados elastic, inelastic or unit-elastic? Has the total revenue of avocado producers increased, decreased, or not changed as a result of the change in price and quantity