Wednesday, September 05, 2007

Unit 1: Supply and Demand; the price of bread

The price of bread is due to rise due to the rise in the price of wheat according to this BBC article

http://news.bbc.co.uk/1/hi/business/6977360.stm

a) Using a S&D diagram, explain how this rise in the price of wheat will lead to a rise in the price of bread

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