This is what you need to know before answering the following questions.

New and Revised Information for Questions 46 through 50 46. Suppose now that the annual supply of feed corn from the October harvest is forecast to again be 900 bushels. But now, reflecting the fact that people consume more food in the colder months, there is a seasonal pattern to demand as shown below in the monthly demand curves. November, December, January, February, and March: QD = 120 -2.4 Price May, June, July, August, and September: Q = 60 - 3.9 Price April and October: Q =75 -3.1 Price What will be the price of feed corn when the harvest is completed in early October? a. $3.27. b. $3.31. c. $3.37. d. $3.45. e. $3.55. 47. With reference to question 46, what will be the prices in November, December, January, February, March, and April? Month Nov Dec Jan Feb March Apr a. $3.37 $3.47 $3.57 $3.67 $3.77 $3.87 b. $3.47 $3.57 $3.67 $3.77 $3.87 $3.97 C. $3.52 $3.62 $3.72 $3.82 $3.92 $4.02 $3.55 $3.65 $3.75 $3.85 $3.95 $4.05 $3.65 $3.75 $3.85 $3.95 $4.05 $4.1548. With reference to questions 46 and 47, what will be the prices in May, June, July, August, and September? Month May June July Aug Sept a. $3.97 $4.07 $4.17 $4.27 $4.37 b. $4.01 $4.11 $4.21 $4.31 $4.41 C. $4.07 $4.17 $4.27 $4.37 $4.47 d. $4.15 $4.25 $4.35 $4.45 $4.55 e. $4.25 $4.35 $4.45 $4.55 $4.65 49. With reference to questions 46 through 48, what will be the quantity demanded for the months of October, November, December, January, February, March, and April? Month Oct Nov Dec Jan Feb March Ap a 64.00 111.24 111.00 110.76 110.52 110.28 62.14 b. 64.31 111.48 111.24 111.00 110.76 110.52 62.45 C. 64.40 111.55 111.31 111.07 110.83 110.59 62.54 d. 64.56 111.68 111.44 111.20 110.96 110.72 62.70 e. 64.74 111.82 111.58 111.34 111.10 110.86 62.88 50. With reference to questions 46 through 48, what will be the quantity demanded for the months of May, June, July, August, and September? Month May June July Aug Sept a. 43.43 43.04 42.65 42.26 41.87 b. 43.82 43.43 43.04 42.65 42.26 C. 43.93 43.54 43.15 42.76 42.37 d. 44.36 43.97 43.58 43.19 42.80 e. 44.13 43.74 43.35 42.96 42.57