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Author Question: Consider the global market for barley, an agricultural commodity. Suppose that in August 2020, the ... (Read 89 times)

frosh101

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on: Oct 12, 2022
Consider the global market for barley, an agricultural commodity. Suppose that in August 2020, the equilibrium price and quantity were P = $150 per tonne and Q = 350 million tonnes. In August 2021, the equilibrium price and quantity were P = $159 per tonne and Q = 372 million tonnes. Which of the following is the best possible explanation for this change in market equilibrium?
◦ There has been an increase in supply of barley.
◦ There has been a simultaneous decrease in demand and increase in supply of barley.
◦ There has been a decrease in supply of barley.
◦ There has been an increase in demand for barley.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by frosh101 on Oct 12, 2022

gcurrens

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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frosh101

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

dawsa925

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Reply 3 on: Yesterday
Excellent

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