When the demand and supply curve intersect, that is, where the quantity demanded and quantity supplied are equal, the market is said to be in equilibrium. Thus, the given quantity is equilibrium quantity.
From the graph, we see that when the production cost of wheat is $4, the equilibrium quantity is 600 units.
When the production cost lowers from $4 to $3, the supply of wheat increases, such that the equilibrium quantity increases from 600 units to 800 units.
Thus, after an increase in supply, the equilibrium quantity increases.
So, Option A is the correct answer.
1.886 to the nearest hundredth would be 2.
Total hours working = 4.5 hrs
hours doing laundry = 1 hr
Percentage of time doing laundry = 1/4.5
Percentage of time doing laundry = 22.22%
<span>131 3/4 divided by 37/8.
527/4 divided by 31/8.
527/4 divided by 8/31.
1054/31.
34.</span>
