ii. iii. iv. V. vi. How much potash would actually be purchased if the price was $280 per tonne? How much potash would actually be sold if the price is $360 per tonne? At a price of $280 per tonne, is there excess supply or excess demand? How much? At a price of $360 per tonne, is there excess supply or excess demand? How much? If the price is $280 per tonne, describe the forces that will cause the price to change.
ii. iii. iv. V. vi. How much potash would actually be purchased if the price was $280 per tonne? How much potash would actually be sold if the price is $360 per tonne? At a price of $280 per tonne, is there excess supply or excess demand? How much? At a price of $360 per tonne, is there excess supply or excess demand? How much? If the price is $280 per tonne, describe the forces that will cause the price to change.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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