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

Name: Wheat is the main input in the production of flour. If the price of wheat decreases, all else equal, what would we expect?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A decrease in the price of wheat would decrease the cost of producing flour, which would encourage flour producers to increase their supply of flour. Therefore, we would expect the supply of flour to increase.

Wheat Is the Main Input in the Production of Flour