10 Supply 6 5 Demand 2 0 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 Quantity of corn (billions of bushels)

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A: Initial Equilibrium quantity = 100,000 Initial Price = 10  Initial profit per box = 10 - 2 = 8 per…

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Q: 1. The old demand was Qd = 180 – 2P. Due to good weather, there is an increase in the demand for the…

A: Old demand: Qd = 180 – 2P New demand: Qd = 190 – 2P P=$72

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A: Given, Initial Equilibrium quantity = 100,000Initial Price = 10 Initial profit per box = 10 - 2 = 8…

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