3. Study Questions and Problems #3 Suppose the market equilibrium price of wheat is $8 per bushel in a perfectly competitive industry. On the following graph, use the green line (triangle symbol) to plot the demand curve for a single wheat farmer. 10 9 A 8 Demand 7 6 5 PRICE (Dollars per bushel) 4 3 2 0 1 2 3 4 5 6 7 8 9 10 QUANTITY (Thousands of bushels)The individual wheat farmer is a price taker because an individual farm is small relative to the market. True O False