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The demand and supply schedules for a hypothetical Canadian market for barley are given ...

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The demand and supply schedules for a hypothetical Canadian market for barley are given ...

The demand and supply schedules for a hypothetical Canadian market for barley are given below:

Price ($ per tonne)	Quantity Demanded (million tonnes)	Quantity Supplied (million tonnes)
100	370	300
125	360	325
150	350	350
175	340	375
200	330	400
225	320	425

TABLE 3-3

Refer to Table 3-3. If the price in this market was $100 per tonne, then the amount of barley actually purchased would be ________ million tonnes.

▸ 370

▸ 70

▸ -70

▸ 300

▸ 670

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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