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

Name: Wheat is the main input in the production of flour.If the price of wheat decreases,all else equal,we would expect the
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Assuming that the decrease in the price of wheat leads to a decrease in the cost of production, bakers and flour mills will be able to produce more flour at a lower cost. This will increase the supply of flour in the market, all else equal.

Wheat Is the Main Input in the Production of Flour