Suppose the following information is available for the Apples market in turkey for breakfast. Given the data answer the following questions: Price per KG Quantity Demanded Quantity Supplied 20 600 200 30 500 300 40 400 400 50 300 500 60 200 600 a. Determine the market equilibrium price and quantity for Apples. b. Suppose, there is an improvement in Technology of genetical Modifying apple seeds. Reflect its impact on the analysis in part "a". c. Suppose, the price is fixed at Rs. 30 per KG, using your answer in part "a" reflect the impact it is going to create in the Apple Market d. Using the midpoint formula calculate the price elasticity of demand when price increased from 30 per KG to 40 per KG. Also, derive the curve given the value of elasticity.
Suppose the following information is available for the Apples market in turkey for breakfast. Given the data answer the following questions:
20 600 200
30 500 300
40 400 400
50 300 500
60 200 600
a. Determine the
b. Suppose, there is an improvement in Technology of genetical Modifying apple seeds. Reflect its impact on the analysis in part "a".
c. Suppose, the price is fixed at Rs. 30 per KG, using your answer in part "a" reflect the impact it is going to create in the Apple Market
d. Using the midpoint formula calculate the
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