Question

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

Answer 1

B

Step-by-step explanation:

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