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I don't understand why a fall in the price of wheat fertilizer lowers the equilibrium price of wheat and increases the equilibrium quantity of wheat. Can you explain it to me?

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I don't understand why a fall in the price of wheat fertilizer lowers the equilibrium price of wheat and increases the equilibrium quantity of wheat. Can you explain it to me?
Answered Same Day Dec 23, 2021

Solution

Robert answered on Dec 23 2021
126 Votes
Why a fall in the price of wheat fertilizer lowers the equili
ium price of wheat and increases the
equili
ium quantity of wheat. Can you explain it to me?
Answer:
Fertilizer is used as an input in the production of wheat. So when price of fertilizer falls,
production cost of wheat will...
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