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Right Panel: the Market: a Shift of Short-Run Supply in Response

question 7

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Right Panel: The market: a shift of short-run supply in response to an increase in demand. Right Panel: The market: a shift of short-run supply in response to an increase in demand.   -Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D and SRS,respectively,the firm will charge ___ per bushel and produce ____thousand bushels of wheat per year. A)  $1.10;10 B)  $1.10;12 C)  $1.12;12 D)  $1.20;10 E)  $1.20;12
-Refer to the diagrams above.If the market demand for wheat and the market supply of wheat are represented by D and SRS,respectively,the firm will charge ___ per bushel and produce ____thousand bushels of wheat per year.


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