1. Consider the competitive market for wheat. (a) On a graph, demonstrate the wheat market in long-run equilibrium (Hint: Remember the long-run competitive market condition) (b) A news report indicates that eating wheat causes heart disease. Demonstrate the short-run impact of this report. (c) Over time, how will this market adjust back to its long-run equilibrium. Explain using a graph. (d) Is the nal outcome in the wheat market ecient? Why? Be specic