Macroeconomics 9th Edition by David Colander

تمرين 15

You ' re a commodity trader and you ' ve just heard a report that the winter wheat harvest will be 2.09 billion bushels, a 44percent jump, rather than an expected 35 percent lump to 1.96 billion bushels.Difficult)
a. What would you expect would happen to wheat prices
b. Demonstrate graphically the effect you suggested in a.O7