Suppose that you are investigating the market for wheatwheat. the price of corncorn, a substitute good, has decreased. which of the following would best describe the market reaction to this event?

Price of the Wheat will Decrease

Explanation:

When you are investigating for the market of wheat and the price of corn which is the substitute of wheat price decreases then the demand of the wheat will decreases.

And if the demand for the wheat decrease this will lead to an increase in the surplus of the wheat and when surplus increases the price of wheat automatically goes down.

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in this scenario it would be the consumer demand as most influential in making the decision. the band members need to figure out where and from whom they will make the most money, in other words who out of the two consumer groups - football fans or car drivers - will spend their money, who is more likely to contribute to their cause and buy what they are offering.