suppose that technological change improves productivity in wheat production every year. And government always keeps a fixed supporting price policy for wheat farmers. How would government spending on wheat purchase change over time? Would it increase or decrease or remain unchanged? And why? Draw a demand and supply graph to illustrate your answer and explain in words

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economicsstudent2021 economicsstudent2021

05-05-2021
Arts

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suppose that technological change improves productivity in wheat production every year. And government always keeps a fixed supporting price policy for wheat farmers. How would government spending on wheat purchase change over time? Would it increase or decrease or remain unchanged? And why? Draw a demand and supply graph to illustrate your answer and explain in words

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