Question: Suppose the demand function for avocados is Q = 1 0 4 - 4 0 p + 2 0 p t + 0 . 0

Suppose the demand function for avocados is
Q=104-40p+20pt+0.01Y
where p is the price of avocados, pt is the price of tomatoes, and Y is average income, and the supply function for avocados is
Q=58+15p-20pf,
where pf is the price of fertilizer.
Suppose pt=$0.80,Y=$4,000, and pf=$0.40. What is the equilibrium price and quantity of avocados?
The equilibrium price of avocados is
p=$
and the equilibrium quantity is
Q=80 units. (Enter your responses rounded to two decimal places.)
Suppose the demand function for avocados is Q = 1

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