Use the Following to Answer Questions

question 257

Multiple Choice

Use the following to answer questions :
Figure: The Demand and Supply of Wheat
-(Figure: The Demand and Supply of Wheat) Look at the figure The Demand and Supply of Wheat. If there is a decrease in supply of 2,000 bushels at each price, the equilibrium price and quantity will be _____ and _____ bushels, respectively.

• A)$5; 5,000
• B)$7; 5,000
• C)$6; 4,000
• D)$8; 6,000

---

Definitions:

Change Agent

An individual or entity that acts as a catalyst for change, facilitating, enabling, and often driving the change process within organizations or communities.

Diffusion

Diffusion is the process by which an innovation, idea, or trend spreads through a population or social system.

Appealing Vision

A strategic and inspiring goal or scenario that motivates individuals or groups towards its realization.

Problem-oriented Perspective

An approach that focuses on identifying and solving specific issues or challenges.