Question: Suppose that the estimated demand function for avocados is given as follows: Q = 104 - 40 p + 20 pt + 0.01 Y where

Suppose that the estimated demand function for avocados is given as follows:

Q = 104 - 40p + 20pt + 0.01Y

where Q is the quantity demanded of avocados (in million pounds per year), p is the price of avocados in dollars, pt is the price of tomatoes in dollars and Y is the per capita income of the consumers.

Show by how muchquantity demanded increasesor by how muchthe demand curve shifts as per capita income , Y, increases by $110 a year

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