Figure: The Demand and Supply of Wheat
(Figure: The Demand and Supply of Wheat) Look at the figure The Demand and Supply of Wheat.If there were an increase in demand of 2,000 bushels at each price, the equilibrium price and quantity would be ________ and bushels, respectively.
A.$5; 5,000
B.$6; 7,000
C.$7; 7,000
D.$8; 8,000
Correct Answer:
Verified
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