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hoa [83]
3 years ago
7

Using the Supply and Demand data below, graph the equilibrium price and quantity for the market for oats. Identify the equilibri

um price and quantity. (DO NOT list every price and quantity in your graph.)
Price

Quantity demanded

(bushels of oats)



Price

Quantity supplied

(bushels of oats)

$4.40

10,000

$4.40

40,000

4.20

15,000

4.20

35,000

4.00

20,000

4.00

30,000

3.80

25,000

3.80

25,000

3.60

30,000

3.60

20,000

3.20

35,000

3.20

15,000





Equilibrium Price $
Equilibrium Quantity



Describe the market at a price of $4.20.

At $4.20, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.



Describe the market at a price of $3.60

At $3.60, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.



Describe the market at a price of $3.20

At $3.20, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.
Business
1 answer:
ladessa [460]3 years ago
7 0

Answer:

Id say probably 46 for this one

Explanation:

just took the test

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All of the following are deductible as medical expenses except:
MAVERICK [17]

Answer:

The correct answer is letter "D": vitamins and health foods that improve a taxpayer's general health.

Explanation:

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Fred is willing to pay $5 for his first slice of pizza and $4 for his second slice of pizza. If the price is $3, and Joe buys tw
lesya [120]

Answer:

D) $3

Explanation:

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In the given case, the consumer was willing to pay a total of $9 i.e ($5 + $4) for 2 units of pizza. He actually ended up paying $6 i.e ($3 × 2 slices).

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8 0
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Fixed-time-period inventory models generate order quantities that vary from time period to time period, depending on the usage r
aleksandrvk [35]

Answer:

The correct answer is (A) True.

Explanation:

Fixed order period systems review inventory levels at fixed intervals of time and place orders that cover enough material so that inventory levels are recovered to a certain level. Orders are placed in equally spaced time intervals and the quantities ordered in each cycle are calculated using this formula:

 Order quantity = Higher inventory target - Inventory level + EDDLT

The upper goal of the inventory is usually determined from the amount of space allocated to a material, either in a warehouse or on the shelves of a store. If at the time of the revision of the inventory level it is relatively low, larger quantities are placed. If, on the other hand, during the review the inventories are high, smaller amounts are placed.

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