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Suppose That the Price of Corn Is Held Above Its

Question 54

Multiple Choice

Suppose that the price of corn is held above its equilibrium price. You would expect to see


A) a surplus of corn on the market.
B) a shortage of corn on the market.
C) a leftward shift of the demand curve because of the high price.
D) a rightward shift of the demand curve because of the easy availability of corn.

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