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The Market for Wapanzo Beans

Quantity Demanded \quad \quad \quad

Question 411

Multiple Choice

The Market for Wapanzo Beans

Quantity Demanded \quad\quad\quad\quad\quad Price \quad\quad\quad Quantity Supplied
(millions of pounds \quad\quad\quad\quad\quad (dollars per \quad (millions of pounds
peryear) \quad\quad\quad\quad\quad\quad\quad\quad\quad pound) \quad\quad\quad peryear)
 Case 1 Case 2 Case 3 Case A Case B Case C 151015$11231284$2246963$3369632$44812321$551015\begin{array}{|l|l|l|l|l|l|l|l}\hline \text { Case 1} & \text { Case 2} & \text { Case 3} & & \text { Case A } & \text {Case B} & \text { Case C } \\\hline 15 & 10 & 15 & \$ 1 & 1 & 2 & 3 \\\hline 12 & 8 & 4 & \$ 2 & 2 & 4 & 6 \\\hline 9 & 6 & 3 & \$ 3 & 3 & 6 & 9 \\\hline 6 & 3 & 2 & \$ 4 & 4 & 8 & 12 \\\hline 3 & 2 & 1 & \$ 5 & 5 & 10 & 15 \\\hline\end{array}
-Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. If there is exceptionally good growing weather in the wapanzo bean growing region then supply will__________ and demand will__________ .


A) become case C; become case 3
B) become case C; become case 1
C) become case C; stay at case 2
D) stay at case B; become case 1

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