Table 3-2 -Refer to Table 3-2. the Table Contains Information About the Contains

question 14

Essay

Table 3-2

-Refer to Table 3-2. The table contains information about the sorghum market. Use the table to answer the following questions.
a.What are the equilibrium price and quantity of sorghum?
b.Suppose the prevailing price is $6 per bushel. Is there a shortage or a surplus in the market?
c.What is the quantity of the shortage or surplus?
d.How many bushels will be sold if the market price is $6 per bushel?
e.If the market price is $6 per bushel,what must happen to restore equilibrium in the market?
f.At what price will suppliers be able to sell 36,000 bushels of sorghum?
g.Suppose the market price is $14 per bushel. Is there a shortage or a surplus in the market?
h.What is the quantity of the shortage or surplus?
i.How many bushels will be sold if the market price is $14 per bushel?
j.If the market price is $14 per bushel,what must happen to restore equilibrium in the market?

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Definitions:

Chemical Attractants

Substances that cause organisms to move toward them due to a chemical gradient, often used in cell signaling and navigation.

Haplodiploidy

A sex determination system in some insects where males develop from unfertilized eggs and are haploid, while females develop from fertilized eggs and are diploid.

Altruistic Behavior

Actions by an individual that benefit others at its own expense, often observed in the social behavior of animals.

Chemical Communication

The use of chemical signals for information exchange between organisms, critical for processes like pollination and mating.