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-Refer to the Above Data

Question 132

Multiple Choice

-Refer to the above data.If price was initially $14,we would expect: A) quantity supplied to continue to exceed quantity demanded. B) the quantity of wheat supplied to decline as a result of the subsequent price change. C) the quantity of wheat demanded to fall as a result of the subsequent price change. D) the price of wheat to rise.
-Refer to the above data.If price was initially $14,we would expect:


A) quantity supplied to continue to exceed quantity demanded.
B) the quantity of wheat supplied to decline as a result of the subsequent price change.
C) the quantity of wheat demanded to fall as a result of the subsequent price change.
D) the price of wheat to rise.

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