Use the Following to Answer Question

question 162

Multiple Choice

Use the following to answer question:
-(Figure: The Demand and Supply of Wheat) Use Figure: The Demand and Supply of Wheat.If there is an increase in demand of 2,000 bushels per period at each price,the equilibrium price and quantity will be _____ and _____ bushels per period,respectively.

• A)$5;5,000
• B)$6;7,000
• C)$7;7,000
• D)$8;8,000

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