A) the demand for c o r n will necessarily increase. B) the equilibrium quantity
ID: 1101044 • Letter: A
Question
A)
the demand for c o r n will necessarily increase.
B)
the equilibrium quantity of c o r n will increase.
C)
the amount of c o r n that will be available at various prices has decreased.
D)
the price of c o r n will go down.
From a Nebraska agricultural report in 2011: Extended high heat disrupts c o r n pollination leading to yield reduction If the supply of c o r n has decreased, then:
A)
the demand for c o r n will necessarily increase.
B)
the equilibrium quantity of c o r n will increase.
C)
the amount of c o r n that will be available at various prices has decreased.
D)
the price of c o r n will go down.
Explanation / Answer
Supply has decreased. Hence,
the amount of c o r n that will be available at various prices has decreased.
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