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 a price of $8 temporarily exists in this market:
A.a shortage of 2,000 bushels will result.
B.a surplus of 4,000 bushels will result.
C.a shortage of 4,000 bushels will result.
D.a surplus of 6,000 bushels will result.
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