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103 FIRST Page / of 10 Price ($ per bag) Thousands of Bags of peanuts per month d. Suppose the price of peanuts is currently

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103 FIRST Page / of 10 Price ($ per bag) Thousands of Bags of peanuts per month d. Suppose the price of peanuts is currently $5.00 per bag. Will there be a shortage or an excess of peanuts in the market? Explain how you know (the space provided is not indicative of how much you need to write)

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