Answer the Question on the Basis of the Given Supply

Multiple Choice

Answer the question on the basis of the given supply and demand data for wheat. If price was initially $4 and free to fluctuate, we would expect the

A) quantity supplied to continue to exceed the quantity demanded.
B) quantity of wheat supplied to decline as a result of the subsequent price change.
C) quantity of wheat demanded to fall as a result of the subsequent price change.
D) price of wheat to rise.