Refer to the information provided in Figure 9.2 below to answer the question(s) that follow. Figure 9.2Refer to Figure 9.2. Suppose demand for wheat is initially D2. If the price of rice (a substitute for wheat) rises, then demand for wheat will shift to ________. This will ________ the equilibrium price of wheat and individual profit-maximizing firms will produce ________ bushels of wheat.

One characteristic that has allowed the U.S. economy to change the mix of output in response to consumer demand is the

A. Labor-intensive production process. B. Abundance of scarce resources. C. Large number of proprietorships. D. Factor mobility which is the increased ease with which resources move from one industry to another.

The above (incomplete) table provides information about the relationships between labor and various product measures. The total product that can be produced with 6 units of labor is

A) 20. B) 19. C) More information is needed to answer the question. D) None of the above answers is correct.