Multiple Choice
Corn and soybeans are alternatives that could be grown by most farmers. If government subsidies for ethanol lead to higher corn prices, this will
A) increase the supply of corn.
B) increase the supply of soybeans.
C) decrease the supply of soybeans.
D) decrease the supply of corn.
E) have no effect on the supplies of corn and soybeans.
Correct Answer:
Verified
Correct Answer:
Verified
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