Multiple Choice
Use the following to answer questions :
Figure: The Demand and Supply of Wheat
-(Figure: The Demand and Supply of Wheat) Look at the figure The Demand and Supply of Wheat. If there is an increase in demand of 2,000 bushels at each price, the equilibrium price and quantity will be _____ and _____ bushels, respectively.
A) $5; 5,000
B) $6; 7,000
C) $7; 7,000
D) $8; 8,000
Correct Answer:

Verified
Correct Answer:
Verified
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