Question 56

Question 56

Multiple Choice

Bushels demanded per month	Price per bushel	Bushels supplied per month
45	$5	77
50	4	73
56	3	68
61	2	61
67	1	57

-Exhibit 4-11 Data on supply and demand

In Exhibit 4-11, the equilibrium price per bushel of wheat is:

A) $1.
B) $2.
C) $3.
D) $4.

Correct Answer:

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