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Author Question: Between 1950 and 2015, the number of acres devoted to wheat production in the United States ________ ... (Read 94 times)

ghost!

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on: Jun 29, 2018
Between 1950 and 2015, the number of acres devoted to wheat production in the United States ________ and the price of wheat ________.
 
  A) declined; more than doubled
  B) more than doubled; increased by about 50 percent
  C) declined; decreased
  D) increased; more than doubled

Question 2

Refer to Figure 3-4. If the current market price is 25, the market will achieve equilibrium by
 
  A) a price increase, increasing the quantity supplied and decreasing the quantity demanded.
  B) a price decrease, decreasing the supply and increasing the demand.
  C) a price increase, increasing the supply and decreasing the demand.
  D) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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robbielu01

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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