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The graph plots price per bushel in the vertical axis versus bushels of corn in thousands per week in the horizontal axis.The horizontal axis labeled
The graph plots price per bushel in the vertical axis versus bushels of corn in thousands per week in the horizontal axis.The horizontal axis labeled quantity ranges from 0 to 20 in increments of 2. The vertical axis labeled price ranges from 0 to 5 in increments of 1. The graph shows a falling line labeled D and a rising line labeled S. The rising line begins at the bottom left, passes through (4, 2), (8, 3), (12, 4) and ends at the top right. The falling line begins at the top left, passes through (4, 4), (8, 3), (12, 2) and ends at the bottom right. The horizontal span between (4, 4) and (12, 4) is marked A and the horizontal span between (4, 2) and (12, 2) is marked B. Refer to the above diagram of the market for corn. If the price in this market is more than $3 per bushel, then there will be Multiple Choice a shortage in the market. equilibrium in the market. a surplus in the market. no buyers in the market
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