Consider the market for wheat, which is currently in equilibrium. Then, the following two things happen: 1) A change in the climate causes farmers to switch from planting wheat to corn and 2) a credible study shows that eating even a moderate amount of wheat is bad for you If the change given is the only change that happened (all other things are held constant), what will be the effect on the equilibrium?
A. Price of wheat increases, change in quantity of wheat is ambiguous.B. Price of wheat decreases, change in quantity of wheat is ambiguous.C. Quantity of wheat increases, change in price of wheat is ambiguous.D. Quantity of wheat decreases, change in price of wheat is ambiguous.E. None of the above.

If the following two things happen: 1) A change in the climate causes farmers to switch from planting wheat to corn and 2) a credible study shows that eating even a moderate amount of wheat is bad for you.

If all other things are held constant, and the given change is the only change that happened, the effect on the equilibrium is:

D. Quantity of wheat decreases, change in price of wheat is ambiguous.

Explanation:

With the switch from the planting of wheat to the production of corn by farmers caused by climate change, the quantity of wheat will surely nosedive. This decrease in the quantity produced and supplied is ordinarily supposed to trigger an increase in the price of wheat, thereby dislocating the market equilibrium, but because of the low demand caused by the study, the change in price of wheat will remain ambiguous.