Answer the next question based on the given supply and demand data for wheat.

Bushels Demanded Per month Price per Bushel Bushels Supplied Per Month 45 $5 77 50 4 73 56 3 68 61 2 61 67 1 57

If the price in this market was $4

rev: 05_07_2018

Multiple Choice farmers would not be able to sell all their wheat. buyers would want to purchase more wheat than is currently being supplied. the market would clear; quantity demanded would equal quantity supplied. there would be a shortage of wheat.