Let the demand and supply for two linked products, say corn and soy, be the following: . The superscript refers to "demand" (d) or "supply" (s) and the subscript refers to corn (c) or soy (s) . Now, suppose that the demand for corn shifts to . If the price of soy is free to adjust in response to this shift, what are the new equilibrium prices of corn and soy?
A)
B)
C)
D)
Correct Answer:
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