The Data Shows the Demand and Supply for Wheat

question 77

Multiple Choice

The data shows the demand and supply for wheat:
quantity of bushels per year (in million)

-Refer to the information above to answer this question.What are the implications if the wheat market is in equilibrium?

• A)The market price would be $10 per bushel and there would be a shortage of 20 bushels of wheat.
• B)The market price would be $12 per bushel and there would be a shortage of 10 bushels of wheat.
• C)The market price would be $14 per bushel and 20 bushels of wheat would be demanded.
• D)The market price would be $16 per bushel and there would be a surplus of 10 bushels of wheat.
• E)The market price would be $18 per bushel and there would be a surplus of 20 bushels of wheat.

---

Definitions:

Sociocultural

Pertaining to the combination of social and cultural factors and their influence on individual behavior and society.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of officially recognized psychiatric disorders.

Generalized Anxiety Disorder

A mental health disorder characterized by excessive, uncontrollable worry about a range of different topics.

6 Weeks

A specific time period often used in various contexts, such as the typical healing time for minor medical conditions or the length of some psychological treatment programs.