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Below Is a Graphical Representation of the Wheat Market in the Distant

Question 95

Multiple Choice

Below is a graphical representation of the wheat market in the distant land of Nod.
Below is a graphical representation of the wheat market in the distant land of Nod. -Refer to the graph above to answer this question.If supply was increased by 30 million bushels,what would be the new equilibrium price and quantity? A) $3 and 20 million bushels. B) $3 and 50 million bushels. C) $3 and 70 million bushels. D) $7 and 30 million bushels. E) $7 and 60 million bushels.
-Refer to the graph above to answer this question.If supply was increased by 30 million bushels,what would be the new equilibrium price and quantity?


A) $3 and 20 million bushels.
B) $3 and 50 million bushels.
C) $3 and 70 million bushels.
D) $7 and 30 million bushels.
E) $7 and 60 million bushels.

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