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Answer the question based on the given supply and demand data for wheat. Bushels Demanded Per Month Price Per Bushel Bushels Supplied Per Month 45
Answer the question based on the given supply and demand data for wheat.
| Bushels Demanded Per Month | Price Per Bushel | Bushels Supplied Per Month |
|---|---|---|
| 45 | $ 5 | 55 |
| 50 | 4 | 50 |
| 56 | 3 | 45 |
| 61 | 2 | 40 |
| 67 | 1 | 35 |
Equilibrium price in this market is
Multiple Choice
- $4.
- $5.
- $3.
- $2.
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Introductory Econometrics A Modern Approach
Authors: Jeffrey Wooldridge
7th Edition
1337558869, 978-1337558860
