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Refer to the Above Diagram of the Market for Corn

Question 295

Multiple Choice

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 A) surplus and the price will tend to rise. B) shortage and the price will tend to rise. C) surplus and the price will tend to fall. D) shortage and the price will tend to fall. 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


A) surplus and the price will tend to rise.
B) shortage and the price will tend to rise.
C) surplus and the price will tend to fall.
D) shortage and the price will tend to fall.

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