Wheat Is the Main Input into the Production of Flour

question 36

Multiple Choice

Wheat is the main input into the production of flour.All things being equal, if the price of wheat decreases, what would be expected to happen in the flour market?  

• A) The supply of flour will decrease. 
• B) The demand for flour will decrease. 
• C) The supply of flour will increase. 
• D) The demand for flour will increase.

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Definitions:

Unilateral Action

An action taken by one party or nation without the agreement or cooperation of others.

Terms Of Employment

The conditions and agreements under which an employee works, including hours, salary, benefits, and duties.

Specific Performance

A legal remedy requiring a party to perform their obligations under a contract, rather than simply paying damages.

Wrongful Dismissal

Termination of employment without legal justification, violating the contract or laws protecting the employee's rights.