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Answer the Question on the Basis of the Given Supply

Question 151

Multiple Choice

Answer the question on the basis of the given supply and demand data for wheat:  Bushels Demanded  Bushels Supplied Per  Per Month  Price Per Bushel  Month 45$57750473563686126167157\begin{array} { c c c } \text { Bushels Demanded }&&\text { Bushels Supplied Per }\\\text { Per Month } & \text { Price Per Bushel } & \text { Month } \\ \hline45 & \$ 5 & 77 \\ 50 & 4 & 73 \\ 56 & 3 & 68 \\ 61 & 2 & 61 \\ 67 & 1 & 57 \end{array} Refer to the data.Equilibrium price will be:


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

Correct Answer:

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