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Use Figure: The Demand and Supply of Wheat. If there is an increase in demand of 4,000 bushels per period at each price, the equilibrium
Use Figure: The Demand and Supply of Wheat. If there is an increase in demand of 4,000 bushels per period at each price, the equilibrium price and quantity will be _____ and _____ bushels per period, respectively.
- A.$8; 8,000
- B.$6; 8,000
- C.$7; 7,000
- D.$5; 5,000
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