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Several years ago flooding destroyed many acres of wheat. Fa

Paper help Economics Several years ago flooding destroyed many acres of wheat. Fa

Economics

Several years ago flooding destroyed many acres of wheat. Fa

Several years ago flooding destroyed many acres of wheat. Farmers whose crop was destroyed were wors… Show more Several years ago flooding destroyed many acres of wheat. Farmers whose crop was destroyed were worse off but other farmers were better off. Using the concept of demand and supply explain this. Hint: we are assuming that the wheat market is a competitve market. • Show less

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