Use graphs to show why the price of corn has risen and show its effect on the
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Use graphs to show why the price of corn has risen and show its effect on the price of cereals.
Use the following information to work Problems 7 and 8.
Pricier bread and cereal. Coming soon?
Wheat and corn prices surged about 10 percent last week and could hit the items in your grocery basket by mid-summer. It’s a case of two extremes: dry weather conditions in parts of the southern United States and in Europe have sparked fears of a supply crunch of wheat, while supplies of corn are being threatened by flooding and heavy rain in the Midwest.
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