What would you expect would happen to wheat prices


Problem

You're a commodity trader and you've just heard a report that the winter wheat harvest will be 2 billion bushels, a 40 percent jump, rather than an expected 30 percent jump.

a. What would you expect would happen to wheat prices?

b. Demonstrate graphically the effect you suggested in part a.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What would you expect would happen to wheat prices
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