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Title: Suppose the market-clearing price of wheat is $2.50 per bushel. What would happen if wheat farmers p Post by: Sublight2097 on Jun 20, 2015 Suppose the market-clearing price of wheat is $2.50 per bushel. What would happen if wheat farmers persuaded the government to set a legally-mandated price support of $3.75 per bushel?
A) The price of wheat products would rise. B) The demand for wheat would fall. C) The quantity demanded of wheat would rise. D) A shortage of wheat would occur. Title: Re: Suppose the market-clearing price of wheat is $2.50 per bushel. What would happen if wheat farme Post by: Sydnie on Jul 9, 2015 Content hidden
Title: Re: Suppose the market-clearing price of wheat is $2.50 per bushel. What would happen if wheat farmers p Post by: Sublight2097 on Aug 31, 2015 Another one in the books, marking it solved.
Title: Re: Suppose the market-clearing price of wheat is $2.50 per bushel. What would happen if wheat farmers p Post by: Sydnie on Aug 31, 2015 I was confident with my answer, glad it was correct.
Oh, and thumbs-up are more than welcome :) |