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YearPriceQuantity DemandedQuantity Supplied 1$2.00200,000100,0002$2.50186,000125,0003$3.00184,000141,0004$3.50169,000169,0005$4.00161,000181,0006$4.50155,000200,0007$5.00120,000223,000 If the price ceiling for corn is $2.50, what amount and type of disequilibrium would be present in the market for

YearPriceQuantity DemandedQuantity Supplied1$2.00200,000100,0002$2.50186,000125,0003$3.00184,000141,0004$3.50169,000169,0005$4.00161,000181,0006$4.50155,000200,0007$5.00120,000223,000

If the price ceiling for corn is $2.50, what amount and type of disequilibrium would be present in the market for corn?

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