The graph below shows how the price of wheat varies with the demand quantity. suppose that lower production costs increases the supply of wheat, such that more wheat is supplied at each price level. the new equilibrium price (after the increase in supply) is

Lower production costs increases the supply of wheat, such that more wheat is supplied at each price level. The new equilibrium price (after the increase in supply) is _lower at $3_ .

answer; i believe the correct answer is (8) eight.

6.3%

explanation:

the acceptance rate for yale university is 6.3%. this means that only 6 percent of people who apply actually get accepted!