The table gives the supply and demand for avocados in kilograms (kg). Because transport costs fall, supply increases by 60kg at every price. What is the new equilibrium price?
- A$45
- B$40
- C$35
- D$30
Economics 9708 · AS & A Level · Income elasticity of demand
The table gives the supply and demand for avocados in kilograms (kg). Because transport costs fall, supply increases by 60kg at every price. What is the new equilibrium price?