If climate change were to reduce the output per acre of wheat but not the output of other crops, what effect this would have on the soybean market?

Question

Quizplus · Accepted Answer

If climate change reduces the output per acre of wheat but not other crops, farmers may switch to planting more of those other crops, like soybeans, to maintain profitability. This increases the demand for soybeans, shifting the demand curve to the right, which typically results in both higher prices and quantities sold.

If Climate Change Were to Reduce the Output Per Acre