Assume the market for corn is depicted as in the table that appears below.
a. Complete the table below.
b. What market pressure occurs when quantity demanded exceeds quantity supplied? Explain.
c. What market pressure occurs when quantity supplied exceeds quantity demanded? Explain.
d. What is the equilibrium price?
e. What could change the equilibrium price?
f. At each price in the first column of the table, how much is sold?

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Price e Quantity demanded Quantity suppliedSurplus/ bushel (millions of bushels) (millions of bushels)shortage Will price rise or fall? $1.80 2.00 2.20 2.40 2.60 2.80 320 300 270 230 200 180 200 230 270 300 330 350