Asked by

Laura Garcia
on Dec 11, 2024

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If you were a government official and wanted to raise the price of wheat, which of the following actions would you take?

A) Take wheat from government storage and sell it.
B) Encourage farmers to use more fertilizer.
C) Lower the price of rye.
D) Subsidize purchases of farm equipment.
E) Encourage farmers to grow less wheat.

Government Storage

involves the holding or preservation of goods by the government, typically for strategic reserves or to stabilize market prices.

Wheat

A cereal grain that is one of the most widely cultivated crops worldwide, used as a staple food in many cultures for its versatility and nutritional value.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and enhance plant growth.

  • Assess the implications of government actions on market prices and equilibrium.
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Dalia PharounDec 11, 2024
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