Using the following information find the unknown amounts. Assume each set of information is an independent case.
Definitions:
Market for Corn
The economic market where corn is bought and sold, with its price determined by the principles of supply and demand.
Price
The amount of money required to purchase a good or service.
Quantity Supplied
Represents the amount of a good or service that producers are willing and able to sell at a given price over a specified period.
Demand and Supply Increases
A situation where both the demand and supply for a good or service rise, affecting its market equilibrium.
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