# Question: the supply of wheat is given by the following equationqws...

###### Question details

The supply of wheat is given by the following
equation:*Q**WS* = **–**6 +
4*P**w* **–** 2*P**c*
**–***P**f*

where *Q**WS* is the quantity of wheat supplied, in
millions of bushels;*P**w* is the price of wheat per
bushel;

*P**c* is the price of corn per bushel; and
*P**f* is the price of tractor fuel per gallon.

a. Graph the inverse supply curve when corn sells for $4 a bushel
and fuel sells for $2 a gallon.

What is the supply choke price?

b. How much wheat will be supplied at a price of $4? $8?

c. What will happen to the supply of wheat if the

price of corn increases to $6 per bushel? Explain

intuitively; then graph the new inverse supply

carefully and indicate the new choke price.