Solved

The Market for Corn Is in Equilibrium

Question 182

Multiple Choice

The market for corn is in equilibrium.Which factor is most likely to INCREASE the equilibrium price of corn?


A) a bountiful harvest
B) increasing production of corn-based ethanol
C) decreasing household incomes,with corn being a normal good
D) a decrease in the price of wheat,a substitute in consumption

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q177: Which factor ALWAYS results in an increase

Q178: An increase in income will always shift

Q179: Use the following to answer question: <img

Q180: (Table: The Lemonade Market)Use Table: The Lemonade

Q181: The price of microchips used to produce

Q183: Alice goes to the local supermarket to

Q184: Use the following to answer question: <img

Q185: Which factor would NOT cause the supply

Q186: Use the following to answer question: <img

Q187: It is certain that the equilibrium quantity