We are at the end of April in apple market. You have known that: A.First week of April, Apple price was (2$ per Ib), Qd (8000 KG) and Qs (2000 KG). B.Second week of April, Apple price became (6$ per Ib), Qd (3000) and Qs (9000KG). You are required to:

1.Discuss the cases above.

2. Point out the shortage and surplus.

3.How can we be back to Equilibrium point?

Answer rating: 100% (QA)

1 Discussion of the Cases In the first week of April the price of apples was 2 per Ib At this price ... View the full answer