As per such supply and demand curves for peanuts, there is the: (w) demand for peanuts has fallen. (x) price rises to P1 due to better peanut technology. (y) production of peanuts was initially Q0. (z) new equilibrium price of peanuts is P3.
![601_example of Equilibrium1.png](https://secure.tutorsglobe.com/CMSImages/601_example of Equilibrium1.png)
Please choose the right answer from above...I want your suggestion for the same.