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-The Above Figure Shows the Domestic Market for Wheat

Question 162

Multiple Choice

-The above figure shows the domestic market for wheat.Suppose this market is isolated from global competition.The with no government intervention,the equilibrium price is ________ and the equilibrium quantity is ________. A) $15 per ton; 100 million tons B) $14 per ton; 250 million tons C) $12 per ton; 300 million tons D) $12 per ton; 250 million tons E) $15 per ton; 400 million tons
-The above figure shows the domestic market for wheat.Suppose this market is isolated from global competition.The with no government intervention,the equilibrium price is ________ and the equilibrium quantity is ________.


A) $15 per ton; 100 million tons
B) $14 per ton; 250 million tons
C) $12 per ton; 300 million tons
D) $12 per ton; 250 million tons
E) $15 per ton; 400 million tons

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