History, 25.05.2020 04:58, andrejr0330jr
Suppose the demand for wheat increased only slightly between 1950 and 2000 but the equilibrium quantity increased dramatically. Absent any other changes, what could explain the large increase in the equilibrium quantity?
The equilibrium quantity of wheat could have increased dramatically given a slight increase in demand because
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Suppose the demand for wheat increased only slightly between 1950 and 2000 but the equilibrium quant...