Answer the question on the basis of the given supply and demand data for wheat: $\begin{array} { c c c }
\text { Bushels Demanded }&&\text { Bushels Supplied Per }\
\text { Per Month } & \text { Price Per Bushel } & \text { Month } \
\hline
45 & \$ 5 & 77 \
50 & 4 & 73 \
56 & 3 & 68 \
61 & 2 & 61 \
67 & 1 & 57
\end{array}$ Refer to the data.If the price in this market was $4:

Question

Answer the question on the basis of the given supply and demand data for wheat: $\begin{array} { c c c } 
\text { Bushels Demanded }&&\text { Bushels Supplied Per }\
\text { Per Month } & \text { Price Per Bushel } & \text { Month } \ 
\hline
45 & \$ 5 & 77 \ 
50 & 4 & 73 \ 
56 & 3 & 68 \ 
61 & 2 & 61 \ 
67 & 1 & 57 
\end{array}$ Refer to the data.If the price in this market was $4:

Quizplus · Accepted Answer

At a price of $4, the quantity demanded is 50 bushels, while the quantity supplied is 73 bushels. This means there is an excess supply, and farmers would not be able to sell all their wheat.

Answer the Question on the Basis of the Given Supply