An increase in the price of corn will cause:

Name: An increase in the price of corn will cause:
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

An increase in the price of corn will cause an increase in the quantity supplied. This means that farmers and suppliers will be willing to supply more corn at the higher price, leading to an upward movement along the supply curve. However, it does not affect the demand for corn, as the factors affecting demand (such as consumer preferences and income) are not directly impacted by the increase in price.

An Increase in the Price of Corn Will Cause