Question: Moving to another question will save this response Question 4 Suppose the following table for mushrooms demand and supply 2.50 3.00 3:50 14.50 5.00 5.50
Moving to another question will save this response Question 4 Suppose the following table for mushrooms demand and supply 2.50 3.00 3:50 14.50 5.00 5.50 6.00 Price (S) Quantity demanded Quantity supplied 4.00 SR 64 160 56 154 52 50 40 44 148 $2 56 60 64 68 - Suppose the current price is $3.5. What is the quantity of mushrooms sold b- At the price $5.50, there a shortage or a surplus? How big is it? Explain plain how the market adjusts. c Suppose that the quantity supplied increase by 12 units at all prices. We the new equilibrium price and the new equilibrium quantity of mushroom d- Compared to the first equilibrium point do we have a shortage of a surp2 Arial 3(12pt) MacBook Pro 3 NO co F S >> )
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