Question: Bushel Quantity Demanded ( bushels ) Quantity Supplied ( bushels ) $ 2 4 0 , 0 0 0 0 4 3 6 , 0

Bushel
Quantity Demanded
(bushels)
Quantity Supplied (bushels)
$2
40,000
0
4
36,000
4,000
6
30,000
8,000
8
24,000
16,000
10
20,000
20,000
12
18,000
28,000
14
12,000
36,000
16
6,000
40,000
If the market price is $6 per bushel, what must happen to restore equilibrium in the market?
Price must fall.
Price must rise.
Quantity demanded must rise.
Quantity supplied must stay constant.

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