Essay
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 a decrease in supply of 2,000 bushels at each price, the equilibrium price and quantity would be ________ and bushels, respectively.
A.$5; 5,000
B.$7; 5,000
C.$6; 4,000
D.$8; 6,000
Correct Answer:
Verified
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