Graphically show effect of increase in land under wheat

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1-if the government establishes a maximum price of$4.60 for wheat,explain the impact of this on the quantity demanded and quantity supplied?

2-if the government establishes a minimum price of $4.60 for wheat,explain the impact of this on the quantity demanded and quantity supplied?

3-suppose that a major drought hits the wheat producers in the world.graphically show the effect of drought on the grain market?

4-Assume that major wheat producers in the world increased their land under wheat by 30 percent.graphically show the effect of increase in land under wheat on the grain market?

Reference no: EM1360782

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