Wheat is the main input in the production of flour. If the price of wheat increases, all else equal, we would expect the

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Quizplus · Accepted Answer

Wheat is the main input in the production of flour, so an increase in the price of wheat would increase the cost of producing flour. As a result, suppliers would be less willing to produce and sell the same quantity of flour at a higher cost, leading to a decrease in the supply of flour.

Wheat Is the Main Input in the Production of Flour