Assume that major wheat producers in the world increased, Ask an Expert

Economics

1-if the government establishes a maximum price of$4.60 for wheat,explain the impact of this on the quantity demanded and quantity supplied?

2-if the government establishes a minimum price of $4.60 for wheat,explain the impact of this on the quantity demanded and quantity supplied?

3-suppose that a major drought hits the wheat producers in the world.graphically show the effect of drought on the grain market?

4-Assume that major wheat producers in the world increased their land under wheat by 30 percent.graphically show the effect of increase in land under wheat on the grain market?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9281097

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