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jr3811 jr3811
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A year ago
Scenario: Suppose the market for wheat in the United States is given by the demand and supply schedules in the table below (as well as the accompanying graph).





Suppose the U.S. government imposes a minimum price for wheat (price floor) of $6 per bushel.


Refer to the scenario above. At the minimum price of $6 per bushel, there is a ________ of ________ million bushels.

▸ shortage; 6

▸ shortage; 3

▸ surplus; 3

▸ surplus; 6
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Macroeconomics

Macroeconomics


Edition: 3rd
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knh1473knh1473
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A year ago
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jr3811 Author
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A year ago
Thanks
jmendoza
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Brilliant ツ
Starfiew
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2 hours ago
Thanks for your help!!
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