$\begin{array}{ccc}
\begin{array}{c}
\text { Price per } \
\text { Bushel }
\end{array} & \begin{array}{c}
\text { Quantity of Bushels } \
\text { Demanded per Month }
\end{array} & \begin{array}{c}
\text { Quantity of Bushels } \
\text { Supplied per Month }
\end{array} \
\$2&800&400\
3 & 700 & 500 \
4 &600 & 600 \
5 &500 & 700 \
6 & 300 & 800\
\end{array}$
-Refer to Table 3.1. At the support price of $5, there is a surplus of
A) 100 bushels of wheat
B) 150 bushels of wheat
C) 200 bushels of wheat
D) 250 bushels of wheat

Question

$\begin{array}{ccc}
\begin{array}{c}
\text { Price per } \
\text { Bushel }
\end{array} & \begin{array}{c}
\text { Quantity of Bushels } \
\text { Demanded per Month }
\end{array} & \begin{array}{c}
\text { Quantity of Bushels } \
\text { Supplied per Month }
\end{array} \
\$2&800&400\
3 &  700 & 500 \
4 &600 & 600 \
5 &500 & 700  \
6 &  300 & 800\
\end{array}$
-Refer to Table 3.1. At the support price of $5, there is a surplus of
A) 100 bushels of wheat
B) 150 bushels of wheat
C) 200 bushels of wheat
D) 250 bushels of wheat

Quizplus · Accepted Answer

At a support price of $5, the quantity of bushels demanded per month is 500, and the quantity of bushels supplied per month is 700, resulting in a surplus of 200 bushels of wheat.