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History, 28.01.2020 21:45 rakanmadi87

The government sets the price of wheat for the coming year above the equilibrium price. what effect would this have on supply and demand? the amount of wheat produced and demanded will drop the next year. the amount of wheat produced and demanded will rise the next year. there will be more wheat produced than demand requires. there will not be enough wheat produced to keep up with demand.

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