Exhibit 4-11 Data on Supply and Demand
​ -In Exhibit 4-11, the Equilibrium Price Per Bushel of Wheat

Exhibit 4-11 Data on supply and demand
​ $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Bushels demanded } \\\text { per month }\end{array} & \begin{array} { c } \text { Price per } \\\text { bushel }\end{array} & \begin{array} { c } \text { Bushels supplied } \\\text { per month }\end{array} \\\hline 45 & \$ 5 & 77 \\50 & 4 & 73 \\56 & 3 & 68 \\61 & 2 & 61 \\67 & 1 & 57 \\\hline\end{array}$$
-In Exhibit 4-11, the equilibrium price per bushel of wheat is:

A) $1.
B) $2.
C) $3.
D) $4.

Correct Answer:

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