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Answer the next question(s) on the basis of the given supply and demand data for wheat: Refer to the above data. If the price in
Answer the next question(s) on the basis of the given supply and demand data for wheat:
Refer to the above data. If the price in this market was $4:
Question 9 options:
the market would clear; quantity demanded would equal quantity supplied.
buyers would want to purchase more wheat than is currently being supplied.
farmers would not be able to sell all their wheat.
there would be a shortage of wheat.
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