Use the following diagram for the corn market to answer the question below.

A graph depicts the variation of price (per bushel) on vertical axis with bushels of corn (thousands per week) on horizontal axis.The horizontal axis ranges from 0 through 20, in increments of 2 and the vertical axis ranges from 0 through 5, in increments of 1. A decreasing line labeled D intersects an increasing line labeled S at the point (8, 3). D has two data points as (4, 4) and (12, 2) and S has two data points as (4, 2) and (12, 4). The distance between the data points (4, 4) and (12, 4) is labeled, A and the distance between data points (4, 2) and (12, 2) is labeled, B.

There will be a surplus of 8,000 bushels at the price of

rev: 05_07_2018

Multiple Choice

$5 per bushel.

$3 per bushel.

$2 per bushel

$4 per bushel.