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

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

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. At a price of $125 per tonne there would be an excess ________ million tonnes of barley.

▸

supply of 325

▸

supply of 125

▸

demand of 360

▸

demand of 35

▸

supply of 35

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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