Right Panel: The market: a shift of short-run supply in response to an increase in demand.
-Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D and SRS,respectively,the firm will charge ___ per bushel and produce ____thousand bushels of wheat per year.
A) $1.10;10
B) $1.10;12
C) $1.12;12
D) $1.20;10
E) $1.20;12

Question

Right Panel: The market: a shift of short-run supply in response to an increase in demand. 
-Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D and SRS,respectively,the firm will charge ___ per bushel and produce ____thousand bushels of wheat per year.
A) $1.10;10 
B) $1.10;12 
C) $1.12;12 
D) $1.20;10 
E) $1.20;12

Quizplus · Accepted Answer

The Answer of Right Panel: The market: a shift of short-run supply in response to an increase in demand. 
-Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D and SRS,respectively,the firm will charge ___ per bushel and produce ____thousand bushels of wheat per year.
A) $1.10;10 
B) $1.10;12 
C) $1.12;12 
D) $1.20;10 
E) $1.20;12

Right Panel: the Market: a Shift of Short-Run Supply in Response