Flour is the main input in the production of bread. All else equal, if the price of flour increases, what would we expect?

Name: Flour is the main input in the production of bread. All else equal, if the price of flour increases, what would we expect?
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Question

Quizplus · Accepted Answer

If the price of flour increases, the cost of production of bread increases, leading to a decrease in the supply of bread as producers would be willing to supply lesser quantities of bread at the prevailing market price.

Flour Is the Main Input in the Production of Bread