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Refer to the Above Diagram Illustrating the Market for Corn

Question 291

Multiple Choice

Refer to the above diagram illustrating the market for corn. If the price in this market is fixed at $2 per bushel, then A) sellers will not be able to sell all the corn that they intended to sell. B) sellers will quickly run out of corn that they bring to market. C) buyers will find too much corn in the market. D) buyers will be able to get as much corn as they wish to buy. Refer to the above diagram illustrating the market for corn. If the price in this market is fixed at $2 per bushel, then


A) sellers will not be able to sell all the corn that they intended to sell.
B) sellers will quickly run out of corn that they bring to market.
C) buyers will find too much corn in the market.
D) buyers will be able to get as much corn as they wish to buy.

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