QUESTION 22 Answer the question on the basis of the given supply and demand data for wheat Bushels Demanded Per Month 45 Price Per Bushel $5 Bushels Supplled Per Month 77 50 73 68 61 4 56 61 2 67 57 Refer to the data. If the price in this market was $4: O C. buyers would want to purchase more wheat than is currently being supplied D. the market would clear, quantity demanded would equal quantity supplied A. farmers would not be able O B. there would be a to sell all their wheat shortage of wheat

QUESTION 22 Answer the question on the basis of the given supply and demand data for wheat Bushels Demanded Per Month 45 Price Per Bushel $5 Bushels Supplled Per Month 77 50 73 68 61 4 56 61 2 67 57 Refer to the data. If the price in this market was $4: O C. buyers would want to purchase more wheat than is currently being supplied D. the market would clear, quantity demanded would equal quantity supplied A. farmers would not be able O B. there would be a to sell all their wheat shortage of wheat

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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