In some countries, droughts reduced the wheat supply. This pushed wheat prices up, creating a chance for wheat producers in other countries to raise their output. Why could the price of wheat remain high in the year after the drought?
- ADifferent weather conditions allowed a bumper harvest.
- BSuppliers unaffected by drought failed to increase output.
- CThe government introduced a subsidy to wheat producers.
- DThe wheat market returned to its original equilibrium.