Using demand and supply analysis explain what would happen in the market for bread if there was a large increase in the price of flour, but the price of a loaf of bread was fixed by the Government at...

Using demand and supply analysis explain what would happen in the market for bread if there was a large increase in the price of flour, but the price of a loaf of bread was fixed by the Government at the original equilibrium price. How might the Government try to alleviate any disruption caused? Can you say which would be the best policy to adopt? How would each policy affect the total revenue received by bakeries compared wiThthe original ainount received?