For each of the prices listed in the following table, determine the quantity of blueberries demanded, the quantity of blueberries supplied, and the direction of pressure exerted on prices in the absence of any price controls. Price Quantity Demanded Quantity Supplied (Dollars per box) ( Millions of boxes) (Millions of boxes) Pressure on Prices 8 8 Upward True or False: A price ceiling above $25 per box is not a binding price ceiling Downward let. True False Because it takes six to eight years before newly planted blueberry plants reach full production, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant blueberries on their land, to plant something else, or to sell their land altogether. Therefore, the rice sensitive than the short-run supply of blueberries. long-run supply of blueberries is much n Assuming that the long-run demand for blueberries is the same as the short run demand, you would expect a binding price ceiling to result in a Win the long run than in the short run. that is Grade It Now Save & Continue Continue without saving Search C