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. 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
Correct Answer:
Verified
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