Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Calculate the amount of surplus-shortage
Assignment Instructions
The data in the following table represents Canadian wheat market where, Qd and Qs are the quantity of wheat demanded and supplied in bushels per week respectively, and P is the price of wheat in dollars per bushel.
Price Qd Qs Surplus/Shortage
10 3,000 8,000 ———
9 3,500 7,000 ———-
8 4,000 5,500 ———-
7 4,500 4,500 ———
6 5,000 3,500 ———-
Calculate the amount of surplus/shortage if the current market price is $8 per bushel. Analyze its impact on market price and quantity.
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