In the Following Graph, Q_S and Q_D Represent the Supply

question 21

Multiple Choice

In the following graph, Q_S and Q_D represent the supply and demand curves respectively. Refer to the graph to answer the question.
If the market price is £10:

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Definitions:

Merchant

An individual or company involved in the trade of goods, services, or commodities for profit.

Fungible

Items or assets that are interchangeable and of such a nature that one part or quantity may replace another equal part in paying a debt or settling a deal.

Cultivator Co-Op

A cooperative association formed by crop producers to collaborate in cultivation efforts and share resources or benefits.

Grain

Small, hard seeds, especially the seeds of various food crops like wheat, corn, rye, oats, and barley, or the plants themselves.