Question: Answer the question based on the given supply and demand data for wheat Bushels demanded Price per Bushels supplied per month bushel per month 45

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

Bushels demanded Price per Bushels supplied

per month bushel per month

45 $5 77

50 4 73

56 3 68

61 2 61

67 1 57

Equilibrium price in this market is

A) $2

B) $4

C) $3

D) $1

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