Refer to the above diagram of the market for corn. If the price in this market is at $4 per bushel, then there will be a:

Name: Refer to the above diagram of the market for corn. If the price in this market is at $4 per bushel, then there will be a:
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At $4 per bushel, there is a surplus of corn since the quantity supplied exceeds the quantity demanded. This will put downward pressure on prices as suppliers seek to sell their excess supply. As a result, the price will tend to fall.

Refer to the Above Diagram of the Market for Corn