The supply and demand for wheat is given by qs20002ap and, Ask an Expert

Economics

The supply and demand for wheat is given by Qs=200+0.2a+p and Qd=500-p where p is the price of wheat and A is the amount of rainfall ( inches pe year), the effect of an incremental increase in rainfall on equilibrium will be? The answer is a decrease the price of wheat by 10 cents. But how do you go about solving this problem?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705307

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