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...

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.