Concerns over winter wheat may boost price Concerns about the U.S. winter wheat crop and dry conditions in other wheat­producing nations have increased the price of wheat.

Source: Agweb.com, July 6, 2015 Explain how an upcoming harvest influences today’s price of wheat.

Table 1 shows the demand and supply schedules for boxes of chocolates in an average week. Use this information to work Problems 5 and 6.