Multiple Choice
Refer to the figure above, which shows three supply curves for corn. Which of the following would cause the supply of corn to shift from S1 to S2?
A) an increase in the price of fertilizer
B) a change in consumer tastes away from cornbread
C) a decrease in consumer incomes, assuming corn is a normal good
D) the development of a more effective insecticide against corn rootworm
Correct Answer:
Verified
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