if-a-new-agricultural-technique-increases-the-yield-of-wheat-what-is-the-expecte

Question

If a new agricultural technique increases the yield of wheat, what is the expected impact on the wheat market?

Accepted Answer

Equilibrium price decreases, equilibrium quantity increases.

Answer

Equilibrium price and quantity both decrease.

Answer

Equilibrium price and quantity both increase.

Answer

Equilibrium price increases, equilibrium quantity decreases.