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Draw and Find the Equilibrium. The following table shows the quantities of corn supplied and demanded at different price levels. Price Quantity Quantity per ton

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Draw and Find the Equilibrium. The following table shows the quantities of corn supplied and demanded at different price levels. Price Quantity Quantity per ton supplied demanded $140 40 100 150 50 80 160 60 60 170 70 40 a. Which of the following statements accurately describe this corn market? (Check all that apply.) A. The quantity of corn supplied increases with an increase in price per ton. B. The corn supply curve is negatively sloped. C. The corn demand curve is negatively sloped. D. The quantity of corn demanded increases with an increase in price per ton. b. The equilibrium price of corn is $ and the equilibrium quantity is tons. (Enter your responses as an integer.) c. At a price of $150, there is excess equal to tons. (Enter your response as an integer.)

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