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For Each of the Following Situations in the Wheat Market

Question 184

Essay

For each of the following situations in the wheat market, determine whether the quantity demanded changes, or the demand curve shifts and determine the direction of the change.
a.consumer income increases
b.the price of wheat increases
c.scientists determine that eating wheat causes high blood pressure
d.the price of oats increases
e.in June, insects destroy part of the country's wheat crop

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a.An increase in consumer income will ca...

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