Question: While genetically modified wheat is not yet being grown commercially, its production could help meet the growing worldwide demand for wheat. Proponents of genetic modification

While genetically modified wheat is not yet being grown commercially, its production could help meet the growing worldwide demand for wheat. Proponents of genetic modification in wheat argue that it would increase yields by increasing resistance to parasites, infection, and adverse environmental conditions and could be engineered to carry additional nutrients. Opponents argue that it could adversely affect human health through increased allergens and resistance to antibiotics and reduce biodiversity. If genetically modified wheat is introduced to the market for wheat and it has both positive effects on yield and negative effects on human health and the environment, what would be the effects on social welfare?

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