Multiple Choice
The Market for Wapanzo Beans
Quantity Demanded Price Quantity Supplied
(millions of pounds (dollars per (millions of pounds
peryear) pound) peryear)
-Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. In a normal year the equilibrium quantity of wapanzo beans will be
A) 6 million pounds.
B) 8 million pounds.
C) 4 million pounds.
D) 2 million pounds.
Correct Answer:
Verified
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