Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market are as follows: 11eb7128_93c2_805c_8de8_a92af5f00ddc_SM2869_00 a. What is the equilibrium price What is the equilibrium quantity Fill in the surplus-shortage column and use it to explain why your answers are correct.

Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn

النسخة 1الرقم المعياري الدولي: 978-0077230975

Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn

النسخة 1الرقم المعياري الدولي: 978-0077230975

تمرين 8

Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market are as follows:

a. What is the equilibrium price What is the equilibrium quantity Fill in the surplus-shortage column and use it to explain why your answers are correct.

التوضيح

موثّق

(a) P e = $4.00; Q e = 75,000. Data from...