Use the Following Table to Answer the Following Questions

question 21

Multiple Choice

Use the following table to answer the following questions.
Market for Corn

-If the price ceiling for corn is $2.50,what amount and type of disequilibrium would be present in the market for corn?

• A) There would be neither a shortage nor a surplus.
• B) There would be a surplus of 61,000.
• C) There would be a shortage of 61,000.
• D) There would be a shortage of 186,000.
• E) There would be a shortage of 125,000.

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Definitions:

Seals

Aquatic marine mammals with a streamlined body, primarily living in cold seas and known for their thick fur or blubber.

Learned Associations

Connections made between two stimuli or between a behavior and a response, which are acquired through experience.

Red Pen

A writing tool with red ink commonly used for making corrections or annotations due to its standout color.

Black Pen

A writing instrument with black ink used for writing, drawing, or marking documents.