Below is a graphical representation of the wheat market in the distant land of Nod.

-Refer to the graph above to answer this question.If supply was increased by 30 million bushels,what would be the new equilibrium price and quantity?
A)$3 and 20 million bushels.
B)$3 and 50 million bushels.
C)$3 and 70 million bushels.
D)$7 and 30 million bushels.
E)$7 and 60 million bushels.

Question

Below is a graphical representation of the wheat market in the distant land of Nod.
 
-Refer to the graph above to answer this question.If supply was increased by 30 million bushels,what would be the new equilibrium price and quantity?
A)$3 and 20 million bushels. 
B)$3 and 50 million bushels. 
C)$3 and 70 million bushels. 
D)$7 and 30 million bushels. 
E)$7 and 60 million bushels.

Quizplus · Accepted Answer

The Answer of Below is a graphical representation of the wheat market in the distant land of Nod.
 
-Refer to the graph above to answer this question.If supply was increased by 30 million bushels,what would be the new equilibrium price and quantity?
A)$3 and 20 million bushels. 
B)$3 and 50 million bushels. 
C)$3 and 70 million bushels. 
D)$7 and 30 million bushels. 
E)$7 and 60 million bushels.

Below Is a Graphical Representation of the Wheat Market in the Distant