13) What is the price elasticity of supply if the avocado sells for $0 per kg?a) 0.5b) 18c) 1.5d) 2.8e) 314) If the selling price of avocado is $8.75 per kg, the supply isa) inelasticb) elastioo) unit elasticd) perfectly elastioe) perfectly inelastic18) If the selling price of avocado is $100 per kg, the supply isa) Inelasticb) elastice) unit elastiod) perfectly elastico) perfectly inelastie16) What is the total amount of shortage/marplus if the pelos of arocado is $4.00 per kg in Brooklyn avocado market?a) 36 tons of surplusb) 30 tons of surpluse)42 tons of surplusd) 36 tons of shortagee) 18 tons of shortage17) What is the total amount of shortage/surplus if the petce of avocado is $8.00 per kg in) Brooklyn avocado market?a) 36 tons of surplusb) 30 tons of surpluso) 42 tons of surplusd) 36 tons of shortage For Questions 1-17 refer to below statement and demand and supply functions.
Suppose that demand and supply curves for avocado in Brooklyn are as the followings:
Q144-24P Q-36+12P
4
where Qa and Q. are quantities demanded and supplied in tons respectively, and P is the price of avocado in dollars per kg?