The Market for Wapanzo Beans

Quantity Demanded $\quad$ $\quad$ $\quad$

Multiple Choice

The Market for Wapanzo Beans

Quantity Demanded $\quad$$\quad$$\quad$$\quad$$\quad$ Price $\quad$$\quad$$\quad$ Quantity Supplied
(millions of pounds $\quad$$\quad$$\quad$$\quad$$\quad$ (dollars per $\quad$ (millions of pounds
peryear) $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ pound) $\quad$$\quad$$\quad$ peryear)
$\begin{array}{|l|l|l|l|l|l|l|l}\hline \text { Case 1} & \text { Case 2} & \text { Case 3} & & \text { Case A } & \text {Case B} & \text { Case C } \\\hline 15 & 10 & 15 & \$ 1 & 1 & 2 & 3 \\\hline 12 & 8 & 4 & \$ 2 & 2 & 4 & 6 \\\hline 9 & 6 & 3 & \$ 3 & 3 & 6 & 9 \\\hline 6 & 3 & 2 & \$ 4 & 4 & 8 & 12 \\\hline 3 & 2 & 1 & \$ 5 & 5 & 10 & 15 \\\hline\end{array}$
-Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. In a normal year the price of wapanzo beans will be

A) $3 per pound.
B) $2 per pound.
C) $1 per pound.
D) $4 per pound.