18.2/100 Pint Calcuator Sd Punocic Table core9/24/2018 08:00 PM Question 18 of 2

Question

18.2/100 Pint Calcuator Sd Punocic Table core9/24/2018 08:00 PM Question 18 of 22 Due Dat Points Gradet Descr Policie Sapling Learning The graph to the below right shows the market for com with a price ceiling of $7. Fill in the blanks below with the correct terms and numbers. Ater the price ceiling is in place, how many bushels of corn are Supply You assic You The For de Price (5) bushels 942 Price Ceing oe The market is not in equilibrium after the price is imposed. Rather, there is a of Quantity (bushals) Oy O surplus O shortage bushels

Explanation / Answer

After the price ceiling is imposed, the number of bushels of corn bought/sold are 8.

Number = 8 bushels

The market is not in equilibrium after the price ceiling is imposed. Rather there is a shortage of bushels

Number = 8.38 - 8

Number = 0.38 bushels.

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