How many bushels will be sold if the market price is US$ 4 per bushel? e. If the market price is US$ 8 per bushel , what must happen to restore equilibrium in the market ? Explain. f. Suppose the market price is US $ 16 per bushel. is there a shortage or a surplus in the market ? g. What is the quantity of the shortage or surplus? h. how many bushels will be sold if the market price is US$14 per bushel? i. if the market price is US$ 16 per bushel , what must happen to restore equilibrium in the market ? Explain
a. What are the
b. Suppose the prevailing price is US$12 per bushel. Is there a shortage or a surplus in the market?
c. What is the quantity of the shortage or surplus?
d. How many bushels will be sold if the market price is US$ 4 per bushel?
e. If the market price is US$ 8 per bushel , what must happen to restore equilibrium in the market ? Explain.
f. Suppose the market price is US $ 16 per bushel. is there a shortage or a surplus in the market ?
g. What is the quantity of the shortage or surplus?
h. how many bushels will be sold if the market price is US$14 per bushel?
i. if the market price is US$ 16 per bushel , what must happen to restore equilibrium in the market ? Explain
Here d, e, f, g, h and i need to be solved
![Question 6
The following table contains information about the wheat market. Use the table to answer the
following questions.
Price per bushel (in $)
Quantity Supplied (bushels)
Quantity Demanded (bushels)
40,000
36,000
30,000
4
4,000
8,000
16,000
20,000
24,000
20,000
10
28,000
36,000
40,000
12
18,000
14
12,000
16
6,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd1111dd-b7ce-4e7a-a8e6-cede1f6e890a%2Fff04b3f1-156f-41db-87b0-6fc360bed7e6%2Fope9av_processed.jpeg&w=3840&q=75)
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