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Use the Following Table to Answer the Following Questions

question 154

Multiple Choice

Use the following table to answer the following questions.
Market for Corn
Use the following table to answer the following questions. Market for Corn    -If the price floor for corn is set at $5.00,what amount and type of disequilibrium will be present in the market for corn? A)  There will be no shortage or surplus. B)  There will be a shortage of 103,000. C)  There will be a surplus of 103,000. D)  There will be a surplus of 223,000. E)  There will be a surplus of 120,000.
-If the price floor for corn is set at $5.00,what amount and type of disequilibrium will be present in the market for corn?


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