The following table shows the quantity demanded and quantity supplied of grapefruits (in millions of kilos):

-Refer to the table above to answer this question.If factor prices were to rise,causing the supply to change by 12 million kilos,what will be the new equilibrium price and quantity?
A)$2.25 and 36 million kilos
B)$2.75 and 20 million kilos
C)$2.75 and 44 million kilos
D)$3.25 and 28 million kilos

Question

The following table shows the quantity demanded and quantity supplied of grapefruits (in millions of kilos):
 
-Refer to the table above to answer this question.If factor prices were to rise,causing the supply to change by 12 million kilos,what will be the new equilibrium price and quantity?
A)$2.25 and 36 million kilos 
B)$2.75 and 20 million kilos 
C)$2.75 and 44 million kilos 
D)$3.25 and 28 million kilos

Quizplus · Accepted Answer

The Answer of The following table shows the quantity demanded and quantity supplied of grapefruits (in millions of kilos):
 
-Refer to the table above to answer this question.If factor prices were to rise,causing the supply to change by 12 million kilos,what will be the new equilibrium price and quantity?
A)$2.25 and 36 million kilos 
B)$2.75 and 20 million kilos 
C)$2.75 and 44 million kilos 
D)$3.25 and 28 million kilos

The Following Table Shows the Quantity Demanded and Quantity Supplied