Assume a drought in the Great Plains reduces the supply of wheat.Noting that wheat is a basic ingredient in the production of bread, and potatoes are a consumer substitute for bread, we would expect the price of wheat to

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A drought reducing the supply of wheat will cause the price of wheat to rise. This will lead to a decrease in the supply of bread, as wheat is a key ingredient. As bread becomes more expensive or less available, consumers will turn to substitutes like potatoes, increasing the demand for potatoes.

Assume a Drought in the Great Plains Reduces the Supply