Multiple Choice
The figure above shows the U.S. demand and U.S.
-supply curves for cherries. At a world price of $2 per pound, the production of cherries in the United States will equal
A) 600,000 pounds.
B) 0 pounds.
C) 400,000 pounds.
D) 800,000 pounds.
E) 200,000 pounds.
Correct Answer:
Verified
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