In an economy operating under perfect competition, wheat prices and trading volume were in balance at a certain level. Although there is no change in the amount of demand, the balance affected by one of the reasons on the side is disturbed; caused a decrease in wheat prices in the market. ww ww This reason causing the deterioration of the market balance; Which of the following could be? A. During the production period, a significant seasonal famine arose. B. A significant increase in bread prices in the country; It also had a decreasing effect on wheat prices. A. In the said production period, abundance was experienced in wheat production as a result of the very good season. D. Income levels of the people in the country have increased. E. There was an unexpected increase in the population of the country and an increase in wheat imports.

In an economy operating under perfect competition, wheat prices and trading volume were in balance at a certain level. Although there is no change in the amount of demand, the balance affected by one of the reasons on the side is disturbed; caused a decrease in wheat prices in the market. ww ww This reason causing the deterioration of the market balance; Which of the following could be? A. During the production period, a significant seasonal famine arose. B. A significant increase in bread prices in the country; It also had a decreasing effect on wheat prices. A. In the said production period, abundance was experienced in wheat production as a result of the very good season. D. Income levels of the people in the country have increased. E. There was an unexpected increase in the population of the country and an increase in wheat imports.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 3P

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