Suppose that corn prices rise significantly. If farmers expect the price of corn to continue rising relative to other crops, then we would expect:
A. the supply of ethanol, a corn-based product, to increase.
B. consumer demand for wheat to fall.
C. the supply to increase as farmers plant more corn.
D. the supply to fall as farmers plant more of other crops.
Answer: C
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The major social insurance program in the United States is
a. Social Security b. Temporary Assistance for Needy Families c. Medicare d. Medicaid e. food stamps
In the United States, the current dollar price of transplantable organs is: a. zero
b. indeterminate. c. determined by the market mechanism. d. dependent on the supply of organs.
In the open-economy macroeconomic model, the
a. exchange rate adjusts to equate private saving with the sum of investment, net exports, and net capital outflow. b. exchange rate adjusts to equate national saving with the sum of investment and net capital outflow. c. interest rate adjusts to equate private saving with the sum of investment, net exports, and net capital outflow. d. interest rate adjusts to equate national saving with the sum of investment and net capital outflow.
good sold to final users
What will be an ideal response?