Use the following to answer question(s): The Market for Chocolate-Covered Peanuts

-(Exhibit: The Market for Chocolate-Covered Peanuts) If the price of chocolate-covered peanuts is 50 cents, there is:

Question

Use the following to answer question(s): The Market for Chocolate-Covered Peanuts
 
-(Exhibit: The Market for Chocolate-Covered Peanuts) If the price of chocolate-covered peanuts is 50 cents, there is:

Quizplus · Accepted Answer

At a price of 50 cents, the quantity supplied is 270 bags per month, while the quantity demanded is only 200 bags per month. This creates a shortage of 70 bags per month.

Use the Following to Answer Question(s): the Market for Chocolate-Covered