Multiple Choice
Assume that corn is an input in the production of beef but not in the production of pork.Further,beef and pork are substitutes in consumption.A decrease in the price of corn will _____ the supply of beef and _____ the demand for pork.
A) increase;increase
B) decrease;increase
C) decrease;decrease
D) increase;decrease
Correct Answer:
Verified
Correct Answer:
Verified
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