Question 1 options: $0.60 $0.40 $0.30 $0.80
Chapter7: Matrices And Determinants
Section: Chapter Questions
Problem 62RE
Related questions
Question
Table: The Market for Chocolate-Covered Peanuts
| Price (per bag) | Quantity Demanded (bags per month) | Quantity Supplied (bags per month) |
|---|---|---|
| $0.90 | 70 | 280 |
| $0.80 | 105 | 245 |
| $0.70 | 140 | 210 |
| $0.60 | 175 | 175 |
| $0.50 | 210 | 140 |
| $0.40 | 245 | 105 |
| $0.30 | 280 | 70 |
Reference: Ref 3-5 Table: The Market for Chocolate-Covered Peanuts
(Table: The Market for Chocolate-Covered Peanuts) Use Table: The Market for Chocolate-Covered Peanuts. A shortage of 210 bags of chocolate-covered peanuts per month exists if the price is _____ per bag.
Question 1 options:
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$0.60 |
|
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$0.40 |
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$0.30 |
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$0.80 |
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