Question

Answer the question based on the given supply and demand data for wheat.

Bushels Supplied
Bushels Demanded
Per Month
Per Month
45
50
56
61
67
Equilibrium price in this market is
Multiple Choice
2.
5.
4
Price Per
Bushel
5
4
$3.
3
2
1
64
60
56
52
48

Answer 1

The equilibrium price in this market for wheat is **$3** per bushel.