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The weather in the U.S. Midwest was exceptionally good this year with just the right amount of rain and sun for the wheat crops in
The weather in the U.S. Midwest was exceptionally good this year with just the right amount of rain and sun for the wheat crops in that region. Which graph accurately depicts the effect of the exceptionally good wheat growing weather on the U.S. wheat market? (4 points) Explain what happens to the equilibrium price and equilibrium quantity in the wheat market because of the good weather. (6 points)
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