Question: Saved Refer to the table below. a. What is the equilibrium price in this market? to per bushel At what price is there neither a

 Saved Refer to the table below. a. What is the equilibrium

Saved Refer to the table below. a. What is the equilibrium price in this market? to per bushel At what price is there neither a shortage nor a surplus? $ per bushel Fill in the surplus-shortage column and use it to confirm your answers. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Thousands of Bushels Thousands of Bushels Surplus (+) or Demanded Price per Bushel Supplied Shortage (-) 85 $ 3.40 72 80 3.70 73 75 4.00 75 70 4. 30 77 65 4.60 79 60 4.90 81 b. Graph the demand for wheat and the supply of wheat. Be sure to locate the equilibrium price and equilibrium quantity. Instructions: Use the tools provided 'Supply' and 'Demand' to draw the demand and supply curves using the data in the table. Include each price-quantity combination. Each line should contain 6 reference points. Then use the tool provided 'Eq' to identify the equilibrium price and quantity

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