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How big is the surplus or shortage at $3.40? There is a shortage Vof thousand bushels. How big is the surplus or shortage at $4.90? There is a surplus of thousand bushels. How big a surplus or shortage results if the price is 60 cents higher than the equilibrium price? There is a (Click to select) V of thousand bushels How big a surplus or shortage results if the price is 30 cents lower than the equilibrium price? There is a (Click to select) V of thousand bushels

How big is the surplus or shortage at $3.40? There is a shortage Vof thousand bushels. How big is the surplus or shortage at $4.90? There is a surplus of thousand bushels. How big a surplus or shortage results if the price is 60 cents higher than the equilibrium price? There is a (Click to select) V of thousand bushels How big a surplus or shortage results if the price is 30 cents lower than the equilibrium price? There is a (Click to select) V of thousand bushels

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How big is the surplus or shortage at $3.40? There is a shortage Vof thousand bushels. How big is the surplus or shortage at $4.90? There is a surplus of thousand bushels. How big a surplus or shortage results if the price is 60 cents higher than the equilibrium price? There is a (Click to select) V of thousand bushels How big a surplus or shortage results if the price is 30 cents lower than the equilibrium price? There is a (Click to select) V of thousand bushels
Transcribed Image Text:How big is the surplus or shortage at $3.40? There is a shortage Vof thousand bushels. How big is the surplus or shortage at $4.90? There is a surplus of thousand bushels. How big a surplus or shortage results if the price is 60 cents higher than the equilibrium price? There is a (Click to select) V of thousand bushels How big a surplus or shortage results if the price is 30 cents lower than the equilibrium price? There is a (Click to select) V of thousand bushels
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