Friday

April 18, 2014

April 18, 2014

Posted by **Mark** on Saturday, October 13, 2012 at 11:40pm.

The demand for Healthy Wheat Cookies is downward sloping, while the supply is upward sloping. Healthy Wheat Cookies are a normal good produced mainly from wheat and sugar. The government recently put a price floor on wheat. If the price floor causes disequilibrium in the wheat market, explain what would likely happen to the quantity supplied and price of Healthy Wheat Cookies, given that nothing else changes, and explain why this would happen.

- Econ -
**Angela**, Sunday, October 14, 2012 at 1:08pmJust a suggestion:

Since there is a price floor on wheat (meaning that wheat cannot be sold under a certain price), wheat would be more expensive. In turn the people who make Healthy Wheat Cookies would produce less and would raise the price of Healthy Wheat Cookies, to make their revenue the same as it was when wheat was cheaper.

**Related Questions**

Statistic - TABLE 12-11 Parents complain that children read too few storybooks ...

MATH - TIFFANY SPENT 1 7/12 HOURS DOING HOMEWORK WHICH OF THE FOLLOWING IS THE ...

math - this was emily's full day yesterday: she spent 8 hours sleeping, 1 hour ...

math - sam spent a total of 5 2/3 hours doing homework. Julia spent 5 5/6 hours ...

Mathematics - Sorry this is the correct question Dason favorite place in Epcotis...

math - sam spent a total of 5 2/3 hours doing homework. Julia spent 5 5/6 hours ...

math - monica spent 8/13 hours listening to tapes of beethoven and brahms. she ...

Statistics - Problem 6 A histogram shows the number of hours students spent ...

Math - Let h represent the number of hours Shaunda spent on homework last week. ...

MATH - Carmen spent 4 hours at the Y on Saturday. Two thirds of that time she ...