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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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