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Right Panel: the Market: a Shift of Short-Run Supply in Response

Question 25

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Right Panel: The market: a shift of short-run supply in response to an increase in demand. Right Panel: The market: a shift of short-run supply in response to an increase in demand. -Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D' and SRS,respectively,the market price is____ per bushel and the quantity produced by the market is__________ bushels of wheat per year. A) $1.20;12 million B) $1.20;12 thousand C) $1.12;12 thousand D) $1.12;14 million E) $1.20;10 million
-Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D' and SRS,respectively,the market price is____ per bushel and the quantity produced by the market is__________ bushels of wheat per year.


A) $1.20;12 million
B) $1.20;12 thousand
C) $1.12;12 thousand
D) $1.12;14 million
E) $1.20;10 million

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