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8. Suppose the market for wheat is a competitive market in equilibrium. (a) Depict this market graphically. 5 points (b) What will happen to the

8. Suppose the market for wheat is a competitive market in equilibrium. (a) Depict this market graphically. 5 points (b) What will happen to the market for wheat if nitrogen fertilizer - an input - decreases in price? Show graphically and explain. 5 points. (c) Suppose that at the same time, the price of corn - a competing commodity - increases. Depict this on the same graph. What can we

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