To ground price will fall
producers would supply less than consumers would be willing to consume at that particular price. There would be SHORTAGE
In the short run, there would be oversupply.
Artificially keeping the price of a commodity below market value by governments (usually by selling massive quantities) is to try and achieve the appearance of a greater value in something else.
f66fhThe price of corn would go up
Wheat is traded on different boards of trade depending on the type of wheat. Giving an average price without being asked for what dates is impossible. If you clarify dates and what type of wheat i.e. hard red winter, etc I would be glad to provide more information.
Governments would lose control of the masses and total anarchy would take over.
It depends on what the price ceiling amount is set to. If it is high, then sellers may set prices at that and then the demand will fall. Whereas it could be a good thing, as it would prevent the price increasing by a large amount and being set too high, which would mean the demand for wheat would increase.
Since corn and wheat can both be used as types or grain, they are in a way interchangeable amongst buyers. These types of goods are called substitute good, one can be substituted for another. If the price of corn rises, that leaves wheat being the more favored product (because it's cheaper). When an increase for the demand for wheat increase, the supply will decrease. The opposite would happen if the price of corn falls. If it falls under the price of wheat, corn will then be more favored. Thus making it the more demanded product. Under the law of demand, supply and demand work in opposite directions. When the demand increases, the supply decreases. When the demand decrease, the supply increases.
To ground price will fall
If AD increased, all else being equal, the price level would increase.
there will be no wheat in u.s. and no corn for us to eat
If wheat is soan in kharif season that is from June to September, it wouldn't grow properly as it is a rabi crop. It's time period is generally from october to march.
producers would supply less than consumers would be willing to consume at that particular price. There would be SHORTAGE
Some 80 million Mexicans would starve to death, as they depend on wheat, rice and corn crops to stay alive.
People would be picking cotton and the price of cotton would be very high.
she fainted and died......i acually dont know,...but...a nice spirit would answer in this fashion