When the price of tomatoes is $4, farmers supply 100,000 bushels. When price is $6, farmers supply 100,000 bushels. From this, we conclude that the

a. equilibrium price of tomatoes is $5
b. market-day supply curve is vertical at a quantity of 100,000
c. farmers are producing too many tomatoes
d. supply curve for tomatoes is upward sloping
e. market demand for tomatoes must be 100,000


B

Economics

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