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Question 102

Multiple Choice

Use the following to answer questions :
Figure: The Demand and Supply of Wheat Use the following to answer questions : Figure: The Demand and Supply of Wheat   -(Figure: The Demand and Supply of Wheat)  Look at the figure The Demand and Supply of Wheat. A temporary price of $4 in this market would result in a _____ of _____ bushels. A) surplus; 4,000 B) shortage; 2,000 C) shortage; 4,000 D) surplus; 2,000
-(Figure: The Demand and Supply of Wheat) Look at the figure The Demand and Supply of Wheat. A temporary price of $4 in this market would result in a _____ of _____ bushels.


A) surplus; 4,000
B) shortage; 2,000
C) shortage; 4,000
D) surplus; 2,000

Correct Answer:

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