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What will be the state of the market if peanuts are sold for $3 per pound? A. There will be a 30,000-pound shortage B. There will be a 60,000-pound shortage C. There will be a 90,000-pound surplus D. There
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What will be the state of the market if peanuts are sold for $3 per pound?

A. There will be a 30,000-pound shortage
B. There will be a 60,000-pound shortage
C. There will be a 90,000-pound surplus
D. There will be a 120,000-pound surplus

What will be the state of the market if peanuts are sold for $3 per pound? A. There-example-1
User Digit Plumber
by
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1 Answer

8 votes

Answer:

B

Step-by-step explanation:

It's cheaper than equilibrium price that's why there will be shortage

User Cdeutsch
by
6.1k points
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