Exhibit 17.1 -Refer to Exhibit 17.1, Which Shows the Market Equilibrium for the Market

Exhibit 17.1

-Refer to Exhibit 17.1, which shows the market equilibrium for corn in the United States. If the world price of corn is $2 and there are no trade restrictions, the United States will:

A) produce 3,000 bushels of corn, consume 7,000 bushels of corn, and import 4,000 bushels of corn.
B) produce 3,000 bushels of corn, consume 7,000 bushels of corn, and export 4,000 bushels of corn.
C) have an excess supply of corn.
D) produce 7,000 bushels of corn.
E) produce 5,000 bushels of corn, consume 7,000 bushels of corn, and import 2,000 bushels of corn.