The market for corn is in equilibrium.Which of the following is most likely to increase the equilibrium price of corn?
A.a bountiful harvest
B.increasing production of corn-based ethanol
C.decreasing household incomes and corn is a normal good
D.a subsidy given by the government to growers of corn
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q130: French fries and hamburgers are complements.Suppose the
Q132: The market price of airline flights increased
Q133: In the market for corn tortilla chips,
Q137: A new wonder diet that results in
Q139: If the United States increases tariffs on
Q158: Consider two competing motorcycle manufacturers,Harley-Davidson and Honda.If
Q168: The price of microchips used to produce
Q172: An increase in demand, all other things
Q174: A decrease in demand with no change
Q179: The market price of airline flights increased
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents