Explain what would likely happen to the quantity supplied

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Reference no: EM133411017

Questions: In at least one complete paragraph, answer the following question:

Mary's Cookies are a normal good produced mainly from wheat and sugar. The government recently put a price floor on wheat. If the price floor causes a disequilibrium in the wheat market, explain what would likely happen to the quantity supplied and price of Mary's Cookies given that nothing else changes and why. Be sure to clearly explain your thought process and what happens in each market.

Reference no: EM133411017

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