Table: The Market for Kombucha Price ($/unit) Qd Qs 2.5…

Table: The Market for Kombucha Price ($/unit) Qd Qs 2.50 10 7 2.75 8 8 3.00 6 9 3.25 4 10 3.50 2 11 The table shows the quantity demanded (Qd) and quantity supplied (Qs) of kombucha at various prices. If the government imposes a price ceiling of $2.50 per bottle of kombucha, there will be:

Price (per bag) Quantity Demanded (bags per month) Quantit…

Price (per bag) Quantity Demanded (bags per month) Quantity Supplied (bags per month) $0.90 75 285 0.80 110 250 0.70 145 215 0.60 180 180 0.50 215 145 0.40 250 110 0.30 185 75   Use Table: The Market for Salt and Vinegar Chips. There is a surplus of 70 bags of salt and vinegar chips per month if the price is _____ per bag.  

EXTRA POINT Q1 Recently, a series of studies have demonstrat…

EXTRA POINT Q1 Recently, a series of studies have demonstrated the considerable beneficial health effects of food and drink derived from the amaranth plant. This has affected consumer tastes for amaranth flour, pods, root, etc. At the same time, particularly favorable weather has resulted in a bumper crop of amaranth plants.  Equilibrium quantity will ____, but equilibrium price will ____.