Exhibit 4-11 Data on Supply and Demand In Exhibit 4-11, the Equilibrium Price Per Bushel of Wheat

question 10

Multiple Choice

Exhibit 4-11 Data on supply and demand $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Bushels demanded } \\\text { per month }\end{array} & \begin{array} { c } \text { Price per } \\\text { bushel }\end{array} & \begin{array} { c } \text { Bushels supplied } \\\text { per month }\end{array} \\\hline 45 & \$ 5 & 77 \\50 & 4 & 73 \\56 & 3 & 68 \\61 & 2 & 61 \\67 & 1 & 57 \\\hline\end{array}$$ In Exhibit 4-11, the equilibrium price per bushel of wheat is:

• A) $1.
• B) $2.
• C) $3.
• D) $4.

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