Asked on 6 Aug 2018

9. (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) a surplus of 4,000 bushels. B) a shortage of 2,000 bushels. C) a shortage of 4,000 bushels. D) a surplus of 2,000 bushels.

Answered on 6 Aug 2018

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