What Impact Would a Severe Drought That Destroys the Wheat

question 325

Multiple Choice

What impact would a severe drought that destroys the wheat crop in several areas of the United States have on the market for wheat?

• A) The supply of wheat would fall.
• B) The supply of wheat would rise.
• C) The demand for wheat would fall.
• D) The demand for wheat would rise.

---

Definitions:

Return On Assets

A ratio that measures a company's net income relative to its total assets. It indicates how efficiently a company is using its assets to generate profits.

Net Income

The company's overall earnings, calculated by taking away all taxes, costs, and expenses from its total revenue.

Competitive Advantage

A factor that allows a company to produce goods or services better or more cheaply than its competitors, leading to a superior market position.

Dominant Market Share

Refers to the percentage of an industry or market's total sales that is earned by a particular company over a specified time period, highlighting the company's strength and leadership in the market.