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Assume That Corn and Soybeans Are Alternatives That Could Be

Question 302

Multiple Choice

Assume that corn and soybeans are alternatives that could be grown by most farmers. An increase in the price of corn 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.

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