2. Economics
3. a market for tomatoes the graph below shows an unregulated...

# Question: a market for tomatoes the graph below shows an unregulated...

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A Market for Tomatoes

The graph below shows an unregulated competitive market for tomatoes, where S is the supply curve and D is the demand curve.

Question 31 (1 point)

In the scenario above, the equilibrium price of tomatoes is _____ per pound and the equilibrium quantity is _____ million pounds.

 $4.00; 6$2.40; 7 $3.20; 8$2.40; 10 $4.00; 9 In the scenario above, suppose the current price of tomatoes is$4 per pound. What quantity of tomatoes will be sold?

 6 million pounds 8 million pounds 9 million pounds 10 million pounds 7 million pounds

In the scenario above, if the current price of tomatoes is \$3 per pound, there is _____ in the market, so the price will _____.

Question 33 options:

 a shortage; rise a surplus; rise an equilibrium; not change a shortage; fall a surplus; fall