Factors affecting demand for the supply of wheat?

* change in population * government policies * income change * future expectations

demand and supply analysis try to describe the recent increase in wheat prices worldwide

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…

The simplest answer is the law of supply and demand. When the supply is low, the price is high and vice versa.

Soybeans, corn, Coarse grain, wheat, cotton and rice

Wheat prices vary WIDELY across the world, depending on location, supply, demand, quality, season, and numerous other factors. However, the price of wheat in the US Chicago Board of Trade today (11 Feb 2010) is about $180 US per tonne.

The demand trend for wheat is a grain.

If demand remains constant and supply decreases, then the price will rise. The law of supply and demand says that a price will move either up or down based on the balance of supply and demand. As the supply decreases, prices will move higher because the product is more scarce. As supply increases, prices will move lower because the product is readily available. For instance, suppose there is a drought and wheat is in short…

The supply of a commodity is the amount of commodity a producer is willing to put in the market at a given time at a given price. The factors affecting supply are- 1. Price of the commodity- More the price of the commodity, more the supply and less the price of the commodity, less the supply. 2. Price of factors of production (e.g. land, labour) - More prices of factors of production results in less…

Margaret Rose Phillips has written: 'Environmental and genetic factors affecting wheat seedling root number and length' -- subject(s): Breeding, Roots (Botany), Wheat

In some cases, when governments or regulatory bodies set a maximum price for a good, this leads to black markets. To be effective, the maximum price has to be below the market price that prevails as a result of the interaction of demand and supply. For example, the market price of wheat is $5. Government is regulating the industry and fixes a price of $4 as the maximum price. Supply of wheat is going to…

equilibream Answer Wheat grows according to harvest cycles. So in the short run, you only have as much wheat as was planted and harvested for a given year. If you forecast that you are going to need more wheat over, say, the next 5 years, you can plan to devote more land to growing wheat, buy more fertilizer, invest in more labor hours, etc. But once the wheat is in the ground and growing for…

"What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?"

The price of various commodities depends upon supply and demand. Wheat is one such commodity and last year's wheat crop yields, especially in Russia, were badly hit by adverse weather conditions causing a shortage and driving up the price on the international markets.

Adam Smith wrote that when the supply of a good decreases the price should in theory, rise. This is called the law of supply and demand. Conversely, when the supply of a particular good increases, the price of the good will in theory fall. The theory of supply and demand is commonly examined in the commodities market where the supply and demand of raw materials is always affected by things like drought or flood or…