Question
Answer the question based on the given supply and demand data for wheat Bushels demanded Price per Bushels supplied per month bushel per month 45
Answer the question based on the given supply and demand data for wheat
Bushels demanded Price per Bushels supplied
per month bushel per month
45 $5 77
50 4 73
56 3 68
61 2 61
67 1 57
Equilibrium price in this market is
A) $2
B) $4
C) $3
D) $1
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
