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Q: In order for wheat to be considered a commodity how must it be used?
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What of the following must be true in order for a good to be considered for sale in the commodity market?

It's in a raw state in uniform among producers


What must be true in order for a good to be considered for sale in a commodity market?

It's in a raw state and uniform across all producers................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... It's in a raw state and uniform across all producers.


If the price of wheat be raised by 30 percent then find by how much percent a household must reduce consumption not numberincrease his expenditure?

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