The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country.
Figure 20.2

-According to Figure 20.2, if the world price per bushel of wheat is $25, how much is the domestic demand?

Question

The figure given below depicts the negatively sloped demand and positively sloped supply curves of wheat in a country.
Figure 20.2
 
-According to Figure 20.2, if the world price per bushel of wheat is $25, how much is the domestic demand?

Quizplus · Accepted Answer

The correct answer is based on the assumption that Figure 20.2 shows a demand curve where the domestic demand at a world price of $25 per bushel is 450 bushels.

The Figure Given Below Depicts the Negatively Sloped Demand and Positively