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texasmade2550 texasmade2550
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A year ago
The following table shows the supply schedule of wheat for three farmers in the economy. Assume that these three farmers constitute the entire market.

Price
($ per bushel)
Farmer 1
Quantity Supplied (bushels)
Farmer 2
Quantity Supplied (bushels)
Farmer 3
Quantity Supplied (bushels)
$1081730
$861428
$641124
$42818
$2058
$0000


How much will the quantity supplied change if the price rises from $8 to $10 per bushel?

▸ Quantity supplied will increase by 7.

▸ Quantity supplied will decrease by 55.

▸ Quantity supplied will increase by 55.

▸ Quantity supplied will decrease by 7.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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micp3537micp3537
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A year ago
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texasmade2550 Author
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Helped a lot
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this is exactly what I needed
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Thanks for your help!!
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