The table below shows the total demand and supply for bushels of wheat per month. Demand Price per bushel ($) Supply (000) (000) 85 3.40 72 80 3.70 73 75 4.00 75 70 4.30 77 65 4.60 79 60 4.90 81...

The table below shows the total demand and supply for bushels of wheat per<br>month.<br>Demand<br>Price per bushel<br>($)<br>Supply<br>(*000)<br>(*000)<br>85<br>3.40<br>72<br>80<br>3.70<br>73<br>75<br>4.00<br>75<br>70<br>4.30<br>77<br>65<br>4.60<br>79<br>60<br>4.90<br>81<br>Required:<br>(i)<br>Explain what is the situation that arises when the product price is<br>$3.40 and $4.90?<br>

Extracted text: The table below shows the total demand and supply for bushels of wheat per month. Demand Price per bushel ($) Supply (*000) (*000) 85 3.40 72 80 3.70 73 75 4.00 75 70 4.30 77 65 4.60 79 60 4.90 81 Required: (i) Explain what is the situation that arises when the product price is $3.40 and $4.90?

Jun 11, 2022

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The table below shows the total demand and supply for bushels of wheat per month. Demand Price per bushel ($) Supply (000) (000) 85 3.40 72 80 3.70 73 75 4.00 75 70 4.30 77 65 4.60 79 60 4.90 81...

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The table below shows the total demand and supply for bushels of wheat per month. Demand Price per bushel ($) Supply (*000) (*000) 85 3.40 72 80 3.70 73 75 4.00 75 70 4.30 77 65 4.60 79 60 4.90 81...

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The table below shows the total demand and supply for bushels of wheat per month. Demand Price per bushel ($) Supply (000) (000) 85 3.40 72 80 3.70 73 75 4.00 75 70 4.30 77 65 4.60 79 60 4.90 81...