The graph below shows how the price of wheat varies with the demand quantity. Suppose that lower production costs increases the supply of wheat, such that more wheat is supplied at each price level. The new equilibrium quantity (after the increase in supply) is . 600 800

Which of the following might cause the inflation rate to spike up sharply? the purchasing power of the average consumer decreases due to a sluggish economy. plentiful rainfall and moderate temperatures result in good harvests of wheat and soybeans. the items in the cpi market basket change to account for changing consumer buying habits. prices on world oil markets rise steeply due to war in the middle east.

"all the characteristics and experiences that define each of us as individuals" is the definition of

Identify and describe the purposes of taxation.