Demand and Supply for Wheat and Other Market Situations
3. How would each of the following affect the Canadian market .com/economics/demand-supply">supply curve for wheat?
a. A new and improved crop rotation technique is discovered.
b. The price of fertilizer falls.
c. The government offers new tax breaks to farmers.
d. The Prairies suffer a drought.
4. Indicate how you think each of the following would affect demand in the indicated market:
a. An increase in family income on the demand for winter vacations in the Caribbean
b. A study linking beef consumption to heart disease on the demand for hamburgers.
c. A relaxation of immigration laws on the demand for elementary-school places