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Hi im grade 11 hope you can help me po with this. Pls answer it correctly and with explanation. Thank you! Godbless. IVITY 1: ANALIZATION

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Hi im grade 11 hope you can help me po with this. Pls answer it correctly and with explanation. Thank you! Godbless.

image text in transcribed
IVITY 1: ANALIZATION ctions: Use the supply and demand graphs to answer the following questions below. THE MARKET FOR CORN S P2 PRICE LEVEL D 50 100 150 QUANTITY (BUSHELS) Source: @Mrs. P's Interactive Classroom 2019 1. What is the equilibrium price and quantity in the corn market? 2. What quantity of corn is demanded at a price level of P2? 3. If the price level changes from P1 to P3, will the corn market have a surplus or shortage? What is its size? 4. Explain why a disequilibrium will exist in the corn market as prices rise from P1 to P2

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