In the spring of 2020, at the beginning of the Covid19 pandemic, farmers who sold their output

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In the spring of 2020, at the beginning of the Covid–19 pandemic, farmers who sold their output to restaurants and to firms that purchase farm output from farmers and then sell the output to restaurants destroyed crops and dumped milk. From this information, can we tell whether the market for supplying food to restaurants was in equilibrium?

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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