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es The table below represents the quantity of rice demanded for selected countries. Quantity of Rice Demanded (millions of metric tons) Price (U.S. dollars
es The table below represents the quantity of rice demanded for selected countries. Quantity of Rice Demanded (millions of metric tons) Price (U.S. dollars per metric ton) Japan Taiwan South Korea Market Total $600 11 5 6 500 12 6.5 8.5 400 13 8 11 300 14 9.5 13.5 200 15 11 16 Instructions: Round your answers to 1 decimal place. a. Fill in the market quantity of rice demanded (column "Market") for each given price. b. What is the quantity of rice demanded in the market (in metric tons) if the market price is $500 per metric ton? million metric tons
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