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Answer:
he guided the creation of the US Constitution
The factors that affect the supply of wheat can be bad weather, oversupply of wheat, excessive demand for wheat, among others, because the supply of this product is elastic.
<h3>What does elastic or inelastic supply mean?</h3>
Elastic or inelastic supply are economic terms that refer to the variations that relate the quantity of products offered and the variations in prices.
According to the above, the elasticity of supply is the percentage by which the quantity supplied varies when the price varies by one percent.
So, wheat is elastic because if the supply of this product varies, its commercial value will also vary greatly.
Learn more about supply and demand in: brainly.com/question/13353440
Answer:
many European nations attempted to accumulate the largest possible share of that wealth by maximizing their exports and by limiting their imports via tariffs
