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Assume That Corn Is an Input in the Production of Beef

Question 182

Essay

Assume that corn is an input in the production of beef but not in the production of pork.Further, beef and pork are substitutes.A decrease in the price of corn will:
A.increase the supply of beef and increase the demand for pork.
B.decrease the supply of beef and increase the demand for pork.
C.decrease the supply of beef and decrease the demand for pork.
D.increase the supply of beef and decrease the demand for pork.

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increase the supply ...

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